An affiliated public employer shall contribute the following percentages of the salary of each member it employs and who is covered under municipal general member coverage plan 2:
A. prior to July 1, 2022, nine and eight-tenths percent of salary;
B. beginning July 1, 2022 and continuing through June 30, 2023, ten and three-tenths percent of salary;
C. beginning July 1, 2023 and continuing through June 30, 2024, ten and eight-tenths percent of salary;
D. beginning July 1, 2024 and continuing through June 30, 2025, eleven and three-tenths percent of salary; and
E. beginning July 1, 2025 and thereafter, eleven and eight-tenths percent of salary.
History: Laws 1987, ch. 253, § 55; 2013, ch. 225, § 38; 2019, ch. 237, § 4; 2020, ch. 11, § 21.
ANNOTATIONSThe 2020 amendment, effective July 1, 2020, increased affiliated public employer contribution rates by .5 percent each year for four years; in the introductory clause, after "shall contribute", deleted "nine and eight-tenths percent" and added "the following percentages"; and added Subsections A through E.
The 2019 amendment, effective July 1, 2019, increased employer contribution rates to the funds included under the Public Employees Retirement Act; after "shall contribute", deleted "nine and fifty-five hundredths" and added "nine and eight-tenths", and after "member coverage plan 2", deleted "except that, from July 1, 2013 through June 30, 2014, the affiliated public employer contribution rate shall be nine and fifteen-hundredths percent of the salary of each member".
The 2013 amendment, effective July 1, 2013, increased the employer contribution rate; after "contribute nine and", deleted "fifteen one-hundredths" and added "fifty-five hundredths"; and after "coverage plan 2", added the remainder of the sentence.
Severability. — Laws 2013, ch. 225, § 93 provided that if any part or application of Laws 2013, ch. 225 is held invalid, the remainder or its application to other situations or persons shall not be affected.