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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) This component covers the members of those employers that have elected coverage under the plan pursuant to section 31-31-704.5.
(2) Each member shall make contributions at one-half of the member contribution rate established for the defined benefit component in section 31-31.5-301 by deduction from the salary paid to the member. For each member, the employer shall pay one-half of the employer contribution rate established for the defined benefit component in section 31-31.5-301 including any allocation made to the money purchase component made pursuant to section 31-31.5-301(3).
Cite this article: FindLaw.com - Colorado Revised Statutes Title 31. Government Municipal § 31-31.5-302. Social security component minimum contributions - last updated January 01, 2025 | https://codes.findlaw.com/co/title-31-government-municipal/co-rev-st-sect-31-31-5-302/
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