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New TRS contributions

Beginning July 1, 2012, TRS contribution rates will go up to 6 percent for employees and 11.41 percent for employers. Current contribution rates are 5.53 percent and 10.28 percent, respectively. The TRS board of trustees adopted the change at its July 27 meeting. The rate change was determined based on the results of the fiscal year 2010 actuarial valuation.

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