Examples of Membership Class in a sentence
Act 120 created two membership classes, Membership Class T-E (Class T-E) and Membership Class T-F (Class T-F).
Membership Class T-E and T-F are affected by a "shared risk" provision in Act 120 of 2010 that in future fiscal years could cause Membership Class T-E contribution rate to fluctuate between 7.50% and 9.50% and Membership Class T-F contribution rate to fluctuate between 10.30% and 12.30%.
Act 120 created two new membership classes, Membership Class T-E (Class T-E) and Membership Class T-F (Class T-F).
Members who joined PSERS on or after July 22, 1983 and who were active or inactive as of July 1, 2001, contribute at 6.25% (Membership Class T-C) or at 7.50% (Membership Class T-D) of the member's qualifying compensation.
Members who joined PSERS after June 30, 2001 and before July 1, 2011, contribute at 7.50% (automatic Membership Class T-D).