Sec. 825.402. RATE OF MEMBER CONTRIBUTIONS. The rate of contributions for each member of the retirement system is:
(1) five percent of the member's annual compensation or $180, whichever is less, for service rendered after August 31, 1937, and before September 1, 1957;
(2) six percent of the first $8,400 of the member's annual compensation for service rendered after August 31, 1957, and before September 1, 1969;
(3) six percent of the member's annual compensation for service rendered after August 31, 1969, and before the first day of the 1977-78 school year;
(4) 6.65 percent of the member's annual compensation for service rendered after the last day of the period described by Subdivision (3) and before September 1, 1985;
(5) 6.4 percent of the member's annual compensation for service rendered after August 31, 1985, and before September 1, 2014;
(6) 6.7 percent of the member's annual compensation for service rendered after August 31, 2014, and before September 1, 2015;
(7) 7.2 percent of the member's annual compensation for service rendered after August 31, 2015, and before September 1, 2016;
(8) 7.7 percent of the member's annual compensation for service rendered after August 31, 2016, and before September 1, 2017; and
(9) for service rendered on or after September 1, 2017, the lesser of:
(A) 7.7 percent of the member's annual compensation; or
(B) a percentage of the member's annual compensation equal to 7.7 percent reduced by one-tenth of one percent for each one-tenth of one percent that the state contribution rate for the fiscal year to which the service relates is less than the state contribution rate established for the 2015 fiscal year.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1985, 69th Leg., ch. 228, Sec. 2, eff. Sept. 1, 1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.402 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 1389 (S.B. 1846), Sec. 1, eff. September 1, 2007.
Acts 2013, 83rd Leg., R.S., Ch. 1078 (H.B. 3357), Sec. 23(3), eff. June 14, 2013.
Acts 2013, 83rd Leg., R.S., Ch. 1214 (S.B. 1458), Sec. 5, eff. September 1, 2013.
Section: Previous 825.309 825.311 825.312 825.3121 825.313 825.314 825.315 825.402 825.403 825.4035 825.404 825.4041 825.405 825.406 825.407 NextLast modified: September 28, 2016