A. Each member shall contribute to the fund an amount equal to 5% of his salary or wages plus $1 per month. Effective January 1, 2007, said mandatory member contribution to the fund shall increase to 6.5% of his base salary plus $1 per month.
B. Contributions to the fund shall be made by the City deducting the same from the salary or wages of the member and paying said deductions to the fund. Notwithstanding the foregoing, members hired after December 31, 2011, shall contribute to the fund an amount equal to 5% of their salary or wages per month. All employees shall, at all times, be fully vested in such contributions to the pension fund until the date of their termination, for whatever reason. [Amended 9-14-2015 by Ord. No. 47-2015]