was day dreaming about retirement and came across these figures on a state web page
Employee Contribution Rates Before January 1, 1975 5% January 1, 1975 - January 1, 1984 7% January 1, 1984 - June 30, 1996 8% July 1, 1996 - present 9% Those employees appointed to the state police and whose membership commenced on or after July 1, 1996 must contribute 12 %. Also, employees hired after January 1, 1979 will pay their regular contribution plus an additional 2% contribution. On salaries in excess of $30,000, the additional contribution is required as of January 1, 1988.
i'm an 8%er , but make over $30,000 so my actual percentage must be 10%
does that mean a state cop hired after 1996 pays 12% ?
Posted by: evanbr33
That is correct...I became a Trooper in 2005 and pay 12% into my retirement
Posted by: pahapoika
wow , that's a good size piece of change. thanks for the info
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