C.R.S. § 31-31.5-302: Social security component minimum contributions.

(1) This component covers the members of those employers that have elected coverage under the plan pursuant to section 31-31-704.5.

(2) Each member shall make contributions at one-half of the member contribution rate established for the defined benefit component in section 31-31.5-301 by deduction from the salary paid to the member. For each member, the employer shall pay one-half of the employer contribution rate established for the defined benefit component in section 31-31.5-301 including any allocation made to the money purchase component made pursuant to section 31-31.5-301 (3).