§ 10-11-55-5

A member under municipal general member coverage plan 3 shall contribute thirteen and fifteen-hundredths percent of salary starting with the first full pay period in the calendar month in which municipal general 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, fourteen and sixty-five hundredths percent of salary;B. beginning July 1, 2022 and continuing through June 30, 2023, fifteen and fifteen-hundredths percent of salary;C. beginning July 1, 2023 and continuing through June 30, 2024, fifteen and sixty-five hundredths percent of salary;D. beginning July 1, 2024 and continuing through June 30, 2025, sixteen and fifteen-hundredths percent of salary; andE. beginning July 1, 2025 and thereafter, sixteen and sixty-five hundredths percent of salary. History: 1978 Comp., § 10-11-55.5, enacted by Laws 1993, ch. 58, § 5; 2013, ch. 225, § 41; 2020, ch. 11, § 23.ANNOTATIONSThe 2020 amendment, effective July 1, 2020, increased member contribution rates by .5 percent each year for four years for members whose annual salary is greater than

1; 2020, ch. 11, § 23.ANNOTATIONSThe 2020 amendment, effective July 1, 2020, increased member contribution rates by .5 percent each year for four years for members whose annual salary is greater than twenty-five thousand dollars, and increased the salary amount applicable to the increased member contribution rate; in the introductory clause, after 'greater than', deleted 'twenty thousand dollars ($20,000)' and added 'twenty-five thousand dollars ($25,000)', and after 'shall contribute', deleted 'fourteen and sixty-five hundredths percent of salary'; and added Subsections A through E.The 2013 amendment, effective July 1, 2013, increased the employee contribution rate for employees earning more than twenty thousand dollars in salary annually; deleted the entire section which provided for employee contributions at a rate of thirteen and fifteen one-hundredths percent of salary; and added the current language. Severability. — Laws 2013, ch. 225, § 93 provided that if any part or application of Laws 2013, ch. 225 is held invalid, the remainder or its application to other situations or persons shall not be affected.