10-11-49: Municipal general member coverage plan 1; affiliated public employer contribution rate.

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 1:

A. prior to July 1, 2022, seven and sixty-five hundredths percent of salary;

B. beginning July 1, 2022 and continuing through June 30, 2023, eight and fifteen-hundredths percent of salary;

C. beginning July 1, 2023 and continuing through June 30, 2024, eight and sixty-five hundredths percent of salary;

D. beginning July 1, 2024 and continuing through June 30, 2025, nine and fifteen-hundredths percent of salary; and

E. beginning July 1, 2025 and thereafter, nine and sixty-five hundredths percent of salary.