Contributions—members
Seattle Mun. Code § 4.36.540
in effect4.36.540 - Contributions—members
A. Effective January 4, 2012, members of Plan 1 of the retirement system shall make contributions to the retirement fund at the rate of 10.03 percent of the compensation of each such member, exclusive of overtime; provided that any member whose rate of contribution prior to June 23, 1972, was less than 6 percent and whose rate was increased by 2.03 percent pursuant to Ordinance 111303 shall have such rate further increased by 1 percent, exclusive of overtime, effective January 5, 2011, and by an additional 1 percent, exclusive of overtime, effective January 4, 2012; provided, further, that any reinstated member who has redeposited withdrawn contributions plus interest as provided in Section 4.36.567, who was a member of the retirement system at any time prior to June 23, 1972, and whose rate of contribution at such prior time was less than 6 percent and whose rate was increased by 2.03 percent of the compensation of such member pursuant to Ordinance 111303 shall have such rate further increased by 1 percent, exclusive of overtime, effective January 5, 2011, and by an additional 1 percent, exclusive of overtime, effective January 4, 2012.
B. Members of Plan 2 of the retirement system shall make contributions to the retirement fund at the rate of 7.0 percent of compensation.
C. Member contributions as provided in this Section 4.36.540 shall be deducted by the Director of Finance and shall be paid into the retirement fund, provided for in this Chapter 4.36, and shall be credited by the Board together with regular interest.
Every member shall be deemed to consent and agree to the contribution made and provided for in this Section 4.36.540, and to have been provided in full the member's salary or compensation. Payment of such salary or contribution less said contributions shall be a full and complete discharge of all claims and demands whatsoever for the service rendered by such person during the period covered by such payment, except the member's claim to the benefits to which the member may be entitled under the provisions of this Chapter 4.36.
(Ord. 125109, § 18, 2016; Ord. 124574, § 9, 2014; Ord. 123482, § 1, 2010; Ord. 123361, § 94, 2010; Ord. 123301, § 1, 2010; Ord. 121365, § 3, 2003; Ord. 120794, § 61, 2002; Ord. 119291, § 2, 1998; Ord. 116368, § 97, 1992; Ord. 113847, § 1, 1988; Ord. 111303, § 2, 1983; Ord. 109514, § 1, 1980; Ord. 108612, § 1, 1979; Ord. 108009, § 1, 1979; Ord. 104572, § 2, 1975; Ord. 101024, § 1, 1972; Ord. 92193, § 1, 1963; Ord. 89420, § 1, 1960; Ord. 88897, § 2, 1960; Ord. 84566, § 1, 1955; Ord. 81521, § 1, 1952; Ord. 79403, § 2, 1950; Ord. 78444, § 5, 1949.)
Source: City of Seattle, Seattle Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/wa/seattle/codes/municipal_code?nodeId=TIT4PE_CH4.36CIEMRESY_4.36.540COEMFetched: 11/1/2026