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As of July 1, 2023, contributions for those in the FRS investment plan have increased, but employees do not owe any increase. Major changes to the FRS have occurred this year, particularly regarding employer contributions. Regular risk employees see their employers contributing 6.3% annually, while special risk employees, including first responders and law enforcement, have employers contributing 14%. Employees are aware they contribute 3% themselves, but many are unaware of these substantial employer contributions.
