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(A) The rate of participant contributions to be made by a teacher participant to the retirement system shall be 1% of a teacher participant’s base pay plus any severance pay.
(B) Except as provided in § 35.086, teacher participants hired after March 1, 1970 participate in the State Teacher’s Retirement System, and therefore are not eligible to participate in the Retirement System.
(Ord. passed 1-24-2011)