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MEMBERS
Contribution Rate
Massachusetts Law requires you to contribute a set of percentage of your salary and an additional 2% on any salary over $30,000.00 by regular payroll deductions. Your rate of contribution is determine by the date on which you first became eligible for membership in a Massachusetts Contributory Retirement System and maintained your funds on deposit.
Date of Membership |
Rate of Contribution |
Before January 1, 1975 |
5% |
January 1, 1975 - December 31, 1983 |
7% |
January 1, 1984 - June 30, 1996 |
8% |
July 1, 1996 - or after |
9% |
Whether or not you are subject to the additional 2% for the compensation over $30,000.00 is also determine by your membership date.
Membership before January 1, 1979 are NOT subject to 2%
Membership on or after January 1, 1979 are subject to 2%
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