Contribution Rates

Employees contribute a percentage of their regular compensation to the retirement system. A member’s contribution rate is set by statute and determined by his or her most recent membership date.*

 

Membership Date Contribution Rate
Prior to Jan 1, 1975 5%
Jan 1, 1975 to Dec 31, 1978 7%
Jan 1, 1979 to Dec 31, 1983 7% plus an additional 2% of compensation in excess of $30,000
Jan 1, 1984 to Jun 30, 1996 8% plus an additional 2% of compensation in excess of $30,000
As of Jul 1, 1996 9% plus an additional 2% of compensation in excess of $30,000
New Members After Apr 2, 2012 9% plus an additional 2% of compensation in excess of $30,000. Members in Group 1 with 30 years of creditable service will have their contribution rate decreased to 6% plus an additional 2% of compensation in excess of $30,000

 

*NOTE: If a member receives a refund of retirement contributions from any Massachusetts contributory retirement system and later re-establishes membership with the Dukes County Contributory Retirement System, his or her contribution rate will be at the new member rate, even if the member re-deposits the amount withdrawn.

Members’ contributions will be taken by their employer from their regular compensation on a weekly, biweekly, or monthly basis as determined by their pay period.

 

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