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97B.11 Contributions by employer and employee.

Each employer shall deduct from the wages of each member of the system a contribution in the amount of three and seven-tenths percent of the covered wages paid by the employer, until the member's termination or retirement from employment, whichever is earlier. The contributions of the employer shall be in the amount of five and seventy-five hundredths percent of the covered wages of the member.

Section History: Early form

[C46, 50, § 97.8, 97.12; C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 97B.11]

Section History: Recent form

88 Acts, ch 1242, § 16; 92 Acts, ch 1201, § 14

Internal References

Referred to in § 97B.11A, 97B.41, 97B.42, 97B.49, 97B.73, 97B.73A, 97B.80, 260C.14, 384.6

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