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State retirement system board approves contribution rate hike
• East Valley TribuneArizona State Retirement System's board of trustees approved Friday an increase for next year's contribution rates for groups that participate in the system.
Next year, employees and employers [i.e., taxpayers] will both contribute 10.75 percent of an employee's salary to the program, which has provided a guaranteed pension benefit, a long-term disability income plan, retiree health insurance and survivor benefits to its members since 1953, according to a press release.