Why do I pay a higher percentage of my regular compensation towards my retirement than some other members pay?

The rate that members contribute towards their retirement varies depending on the date they became a member of the system.

• If you became a member prior to January 1, 1975, you have 5% deducted from your regular compensation.
• If you became a member between January 1, 1975 and December 31, 1984, the deduction will be 7%.
• If you became a member between January 1, 1985 and June 30, 1996, you will have 8% deducted from your salary.
• If you became a member after June 30, 1996, the deduction is 9%.
• If your membership began on or after January 1, 1979, an additional 2% will be withheld from any regular compensation in excess of $30,000.