- (a) Except as provided in subsection (b) of 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.
- (b) The contribution rate for a member who has transferred from the Employees' Retirement System is 7% of the member's earnable compensation.
Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994.
Formerly Art. 73B, § 10-207.