Premiums/Rates —
Part-Time Retirement Program

Employees must make mandatory contributions of a rate of 7.5% of gross salary. Contributions are deducted from salary before income taxes are calculated, reducing the employee's taxable income. There are no matching employer contributions. Retirement benefits for both plans are based exclusively on employee contributions, plus any earnings.


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Benefits Insider
(562) 951-4411
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Last Updated: September 10, 2002

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