§ 31454 Pension Contribution Rate Adjustments
Imagine your town has a pension plan for workers like teachers or firefighters. Every year, the town leaders get advice from a pension board on how much money workers and the town should put into the pension fund.
The town leaders have 90 days after the new budget year starts to change how much money everyone puts in. They have to follow the pension board's advice but can't make the pension benefits smaller for the workers. If a school district in the town manages its own money, its leaders have to do the same thing—but only if the town leaders voted to make this rule apply to them.
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§ 31454 Pension Contribution Rate Adjustments
Last verified: January 22, 2026