1. (a) Except as otherwise provided in this section, a member's contribution rate is 5% of the part of the member's earnable compensation that exceeds the taxable wage base for each year.
2. (b) The contribution rate of a member who is subject to the contributory pension benefit under Part II of this subtitle is 2% of the member's earnable compensation.

3. (c) The contribution rate of a member who is subject to the Alternate Contributory Pension Selection under Part III of this subtitle is:

   1. (1) 3% of the member's earnable compensation received from July 1, 2006 to June 30, 2007, both inclusive;
   2. (2) 4% of the member's earnable compensation received from July 1, 2007 to June 30, 2008, both inclusive;
   3. (3) 5% of the member's earnable compensation received from July 1, 2008 to June 30, 2011, both inclusive; and
   4. (4) 7% of the member's earnable compensation received on or after July 1, 2011.
4. (d) The contribution rate of a member who is subject to the reformed contributory pension benefit under Part IV of this subtitle is 7% of the member's earnable compensation.

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 1998, c. 530, § 2, eff. July 1, 1998; Acts 1999, c. 176, § 1, eff. July 1, 1999; Acts 2006, c. 110, § 1, eff. July 1, 2006; Acts 2011, c. 397, § 1, eff. June 1, 2011.

Formerly Art. 73B, §§ 4-202, 5-202.