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2.64.300 Contributions <br /> A. There shall be deducted from the salary or wages of each employee who is <br /> a member of the retirement system on each and every payroll during each <br /> calendar year the member's contributions to the retirement system. Such <br /> contribution shall be equal to three percent of the compensation received <br /> by such member on each payroll. Contributions shall earn interest at the <br /> rate of five percent per year. <br /> B. Each employee shall execute and deliver to the proper official of the city <br /> an authorization in proper form for the deduction herein described, and no <br /> person shall be continued in employment by the city unless the employee <br /> shall execute such authorization. <br /> C. The city shall, on account of its employees who are members of the <br /> retirement system, pay annually into the fund an amount to be known as <br /> the normal contribution and an additional amount to be known as the <br /> accrued liability contribution. The normal contribution shall be determined <br /> annually by the actuary from the liabilities of the system. <br /> D. All contributions made by the city to the fund will be used for the <br /> exclusive benefit of all members and their beneficiaries and will not be <br /> used for nor diverted to any other purpose except the payment of the costs <br /> of maintaining the plan. <br /> 2.64.400 Normal Service Retirement <br /> A. Upon the retirement date on or after a member's attaining normal <br /> retirement age, a member shall receive a pension beginning on the day <br /> after the employee retires from the city service equal to the member's final <br /> average compensation multiplied by the total period of creditable service, <br /> in years and months, multiplied by the applicable percentage indicated in <br /> the table below: <br /> Restated Nonuniformed Pension Plan—City of University City Page 9 <br />