840 CMR 8.00: APPLICABILITY OF $30,000 SALARY CAP
8.04: Other Contributions
(1) In the case of systems (other than the state employees' and teachers'
systems) that become uncapped on or before July 1, 1988, for each member of
the system to whom the $30,000 cap had applied an amount shall be withheld
from that portion of regular compensation in excess of an annualized rate of
$30,000, in such installments as the retirement board shall direct, equal to the
additional amount that would have been withheld pursuant to 840 CMR 8.03
between January 1, 1988 and the date the system becomes uncapped.
(2) In the case of systems that become uncapped after July 1, 1988
contributions pursuant to 840 CMR 8.04(1) shall not be required.
Return to PERAC Home Page | Regulations