10. Are employee contributions made on a pre or post tax basis?
Employee contributions will be made on a post tax basis unless the municipality elects that such contributions be made on a pre-tax basis. Municipalities are given and asked to review the memorandum, entitled “Employer Pick-Up of Mandatory Employee Retirement Contributions”, dated January 30, 2002, for information regarding the election process as well as the administrative issues associated with a municipality opting to join the MERS on a pre-tax basis. The “Member Contribution Pick-Up Election Form” must be completed by employers electing the pre-tax option for their MERS members and returned to the MERS Unit.