§ 10-11-72 — Municipal police member coverage plan 3; member

contribution rate. A member under municipal police member coverage plan 3 shall contribute seven percent of salary with the first full pay period in the calendar month in which municipal police member coverage plan 3 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute: A. prior to July 1, 2022, eight and one-half percent of salary; B. beginning July 1, 2022 and continuing through June 30, 2023, nine percent of salary; C. beginning July 1, 2023 and continuing through June 30, 2024, nine and one-half percent of salary; D. beginning July 1, 2024 and continuing through June 30, 2025, ten percent of salary; and E. beginning July 1, 2025 and thereafter, ten and one-half percent of salary.

Legislative History

Laws 1987, ch. 253, § 72; 2013, ch. 225, § 57; 2020, ch. 11, § 35.