Section 10-11-114 - Municipal fire member coverage plan 5; member contribution rateA member under municipal fire member coverage plan 5 shall contribute sixteen and two-tenths percent of salary with the first full pay period in the calendar month in which municipal fire member coverage plan 5 becomes applicable to the member, except that a member whose annual salary is greater than twenty-five thousand dollars ($25,000) shall contribute:
A. beginning July 1, 2021 and continuing through June 30, 2022, nineteen and two-tenths percent of salary;B. beginning July 1, 2022 and continuing through June 30, 2023, nineteen and seven-tenths percent of salary;C. beginning July 1, 2023 and continuing through June 30, 2024, twenty and two-tenths percent of salary;D. beginning July 1, 2024 and continuing through June 30, 2025, twenty and seven-tenths percent of salary; andE. beginning July 1, 2025 and thereafter, twenty-one and two-tenths percent of salary.Laws 1987, ch. 253, § 114; 1998, ch. 114, § 9; 2013, ch. 225, § 85.Amended by 2021, c. 38,s. 6, eff. 7/1/2021.Amended by 2020, c. 11,s. 56, eff. 7/1/2020.Amended by 2013, c. 225,s. 85, eff. 7/1/2013.