How much do members contribute to the Retirement System?

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The amount you contribute to the System each year is set by statute, and it is determined by your date of membership in the System.  The following will outline the contribution rates based on the current statute:

Date of Entry into the System                Percentage

Before January 1, 1975                             5%

January 1, 1975 – December 31, 1983     7%

January 1, 1984 – June 30, 1996              8%

After June 30, 1996                                   9%

In addition to the above percentages, a member who first enters the system on or after January 1, 1979 must contribute an additional 2% of his/her salary in excess of $30,000.  This 2% is in addition to the seven, eight, or nine percent that is already being deducted from total regular compensation.