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As of July 1, 2023, contributions to the FRS investment plan have increased, but employees do not have to pay for this increase. Regular risk employees contribute 3% of their pay, while employers contribute 6.3% annually. For special risk employees, such as first responders and law enforcement, the employer contributes 14% of their pay to the plan. This change reflects the significant updates to the FRS regulations that took effect this year.
