§ 45-21-41 - Members' contributions – Payroll deductions – Certification to board.
SECTION 45-21-41
§ 45-21-41 Members' contributions –Payroll deductions – Certification to board. – (a) Each member shall contribute an amount equal to six percent (6%) of salaryor compensation earned and accruing to the member; provided, that contributionsby any member cease when the member has completed the maximum amount of servicecredit attainable. Special compensation for additional fees shall not beconsidered as compensation for contribution purposes.
(b) Each municipality shall deduct the previously stated ratefrom the compensation of each member on each and every payroll of themunicipality, and the deduction made during the entire time a member is inservice subject to termination as stated in the foregoing paragraph.
(c) The deductions provided for in this section shall be madenotwithstanding that the minimum compensation provided for by law for anymember is reduced by the compensation. Every member is deemed to consent andagree to the deductions made and provided for in this section, and shallreceipt for his or her full salary or compensation; and payment of salary orcompensation less those deductions are a full and complete discharge andacquittance of all claims and demands for the services rendered by the personduring the period covered by the payment except as to the benefits providedunder this chapter. Each participating municipality shall certify to theretirement board the amounts deducted from the compensation of members. Each ofthe amounts, when deducted, shall be credited to an individual account of themember from whose compensation the deduction was made.