Section 10-11-72 - Municipal police member coverage plan 3; member contribution rateA 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; andE. beginning July 1, 2025 and thereafter, ten and one-half percent of salary.Laws 1987, ch. 253, § 72; 2013, ch. 225, § 57.Amended by 2020, c. 11,s. 35, eff. 7/1/2020.Amended by 2013, c. 225,s. 57, eff. 7/1/2013.