Each member shall pay into the fund as dues a sum equal to 3.42 percent of the member's maximum average final monthly compensation established by subsection (a) of Code Section 47-25-81 per month. Each month's dues shall be paid not later than the tenth day of that month.
(Code 1981, §47-25-41, enacted by Ga. L. 2006, p. 246, § 1/SB 244; Ga. L. 2014, p. 701, § 2/HB 292.)
The 2014 amendment, effective July 1, 2014, substituted "a sum equal to 3.42 percent of the member's maximum average final monthly compensation established by subsection (a) of Code Section 47-25-81" for "the sum of $105.00" in the first sentence.