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Rates of contribution
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61. (1) The rate of participant contributions and employer contributions in respect of a contributing participant in any employment shall be:
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(a) for a payment of emoluments in years 1 to 3, 1.5 per cent;
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(b) for a payment of emoluments in years 4 to 6, 3 per cent;
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(c) for a payment of emoluments in years 7 to 9, 4.5 per cent;
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(d) for a payment of emoluments after the end of years 7 to 9, 6 per cent.
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(2) The rate of State contributions in respect of a contributing participant shall be:
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(a) for a payment of emoluments in years 1 to 3, 0.5 per cent;
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(b) for a payment of emoluments in years 4 to 6, 1 per cent;
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(c) for a payment of emoluments in years 7 to 9, 1.5 per cent;
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(d) for a payment of emoluments after the end of years 7 to 9, 2 per cent.
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