Section 9-3-704 - Employee contributions(a) Except as otherwise provided in this section, every employee covered by this article shall pay into the account nine and twenty-two one-hundredths percent (9.22%) of his salary through June 30, 2024 and thereafter shall pay into the account eleven and forty-seven one-hundredths percent (11.47%) of his salary. To the extent this contribution is not paid by the employer as authorized in this section, this payment shall be deducted each pay period from employees' salaries by the respective fiscal officers of the employers.(b) The entire contribution required by subsection (a) of this section shall be paid by the employer for employees covered under this article in order to be treated as employer contributions for the sole purpose of determining tax treatment under the United States Internal Revenue Code.(c) The contributions under subsection (b) of this section shall be paid from the source of funds which is used in paying salary to the employee. The employer may pay these contributions without offset of the employee's salary in the same salary percentage as provided by state employers under 9-3-413.1(b)(iii) through June 30, 2024. Thereafter the employer may pay these contributions without offset of the employee's salary in a salary percentage not to exceed seven and forty-seven hundredths percent (7.47%). The employer shall also reduce the cash salary of the employee by three and sixty-five hundred ths percent (3.65%)through June 30, 2024. Thereafter the employer shall reduce the cash salary of the employee by four percent (4.00%). Amended by Laws 2024, ch. 60,§ 2, eff. 7/1/2024.Amended by Laws 2024, ch. 46,§ 1, eff. 7/1/2024.