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Current Employees

This document outlines the required employee contribution rates for members from July 2012 through July 2016. Contributions started at a minimum of 1% in 2012 and increased annually, reaching a maximum of 5% by July 2016. Examples illustrate scenarios where employee contributions are offset by employer payments, showing the impact on net pay raises over the years. These regulations are vital for current employees to understand their financial obligation and its effect on their overall compensation package.

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Current Employees

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  1. Current Employees • Member must pay at least 1%, but not more than 5% July 2012 • Member must pay at least 2%, but not more than 5% July 2013 • Member must pay at least 3%, but not more than 5% July 2014 • Member must pay at least 4%, but not more than 5% July 2015 July 2016 • Member must pay 5%

  2. Example Member pays 1% Employer pays 4% Offsetting pay raise 1% 2012 Member pays 4% Employer pays 1% Offsetting pay raise 3% 2013 Member pays 5% Employer pays 0 Offsetting pay raise 1% 2014

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