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New fiscal year, new contribution rate

New contribution rates for members and employers are set to take effect with July payrolls. The total contribution rate for the defined benefit plan, health insurance supplement and long term disability plan will be 11.48 percent for both employer and employee, up just slightly from the rate of 11.47 percent for last fiscal year, which ended June 30. The new rate will be in effect through June 30, 2017. See Contribution Rates for more information.
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