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How will the contribution rate increase affect members and employers in dollars and cents?

April 26, 2017affect Cents contribution Dollars employers increase members rate

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How will the contribution rate increase affect members and employers in dollars and cents?

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For an employee currently making $35,000 per year Current 2009 annual contributions are $2611.00 In 2010, contributions will be $2821.00, an increase of $17.50/month For an employee currently making $50,000 per year Current 2009 annual contributions are $3848.40 In 2010 contributions will be $4127.16, an increase of $23.23/month For an employee currently making $75,000 per year Current 2009 annual contributions are $6513.40 In 2010 contributions will be $7009.66, an increase of $41.36/month.