Each member shall contribute 7 1/2 percent of such member's gross salary. Such contributions shall be made through payroll deductions. Such amount so deducted shall be credited to the individual account of the member.Earnings shall be credited to each member's account pursuant to rules and regulations adopted by the board as prescribed by the plan document.
(Code 1981, §47-22-8, enacted by Ga. L. 1992, p. 1288, § 1.)