With respect to each person who is a member of the system pursuant to Section 9355.45, the Controller shall deduct 6 1 2 percent from each warrant drawn in payment of compensation to such member, and 8 percent from each warrant drawn in payment of compensation to such members first elected after March 4, 1972, and shall remit such amount to the board of administration, to be deposited in the Legislatorsâ Retirement Fund.
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