Your contributions are structured as a percentage of your
bi-weekly earnings (also called your “contribution rate”), and
are collected through automatic payroll deductions.
In addition to these rates, certain members pay additional
contributions in the form of a “cost share” and a “COLA share.”
The cost share is a contribution which helps offset the plan
costs. The COLA share helps fund future cost of living
adjustments to your retirement benefits.
Your pay stub will reflect all of the contributions you are
making to SamCERA.
