§ 3.07. Contribution rates of members and retired members of Division B.

Each employee who is a member of Division B shall contribute to the fund in accordance with the applicable contribution rate per calendar year which shall be (a) or (b) or (c), as follows:

(a)

The contribution rate for each male member of Division B shall be five percent (5%) of his earnings in each calendar year during which he is a member of Division B; or

(b)

The contribution rate for each female member of Division B who has elected to have benefits payable to her survivor in accordance with the provisions of this Article 3 shall be five percent (5%) of her earnings in each calendar year during which she is a member of Division B; or

(c)

The contribution rate for each female member of Division B who has not elected to have benefits payable to her survivor in accordance with the provisions of this Article 3 shall be two and one-half percent (2½%) of her earnings in each calendar year during which she is a member of Division B.

The amount of contribution payable in any payroll period by each member of Division B shall be computed, consistent with the provisions of this section to the extent administratively feasible, in such manner as determined by the pension commission, and shall be made by payroll deductions in accordance with the provisions of Section 1.07 of this Act.

If a member of Division B has not contributed to the fund as of his retirement date for the required number of years in accordance with the applicable provisions of this article, he shall continue to contribute each month to the fund, until he has contributed for such required number of years, in accordance with the applicable contribution rate per month which shall be (d) or (e) or (f), as follows:

(d)

The contribution rate for each male retired member shall be one-twelfth ( 1/12 ) of five percent (5%) of his credited earnings; or

(e)

The contribution rate for each female retired member who has elected to have benefits payable to her survivor in accordance with the provisions of this Article 3 shall be one-twelfth ( 1/12 ) of five percent (5%) of her credited earnings; or

(f)

The contribution rate for each female retired member who has not elected to have benefits payable to her Survivor in accordance with the provisions of this Article 3 shall be one-twelfth ( 1/12 ) of two and one-half percent (2½%) of her credited earnings.

The amount of contribution, if any, payable by a retired member shall be collected by deductions from retirement benefits payable to him or by contributions payable by the retired member on or before the first day of each month. The pension commission in its discretion may determine, with or without uniformity, the method of collecting contributions to the fund by retired members, and the commission shall have the right to change such method at any time.

The contribution rates of members and retired members of Division B set forth in this Section shall be effective as of the effective date. The amount of contribution payable, in accordance with the provisions of the Davidson County Employees' Pension and Insurance Fund as it existed prior to the effective date, by each retired member who retired prior to the effective date shall not be increased or decreased by the provisions of this Act; but such amount shall be payable to this fund for the same period of time required by the Davidson County Employees' Pension and Insurance Fund as it existed prior to the effective date. The amount of contribution by a member of Division B which was payable prior to the effective date, in accordance with the provisions of the Davidson County Employees' Pension and Insurance Fund as it existed prior to the Effective Date, shall not be increased or decreased by the provisions of this Act; provided, however, that members and retired members of Division B who retire on or after the effective date shall contribute to this fund on and after the effective date in accordance with the contribution rates set forth in this section.