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CITY OF SOUTH BEND <br />NOTES TO FINANCIAL STATEMENTS <br />(Continued) <br />Funding Policv and Annual Pension Costs <br />Plan members are required to contribute 6% of the first-class police officers' and firefighters' <br />salary and the primary government is to contribute at an actuarially determined rate. The current <br />rate, which has not changed since the inception of the plan, is 21% of the first-class police <br />officers' and firefighters' salary. The contribution requirements of plan members and the primary <br />government are established by the Board of Trustees of PERF. The primary government's contri- <br />butions tothe plan for the years ending December 31, 2006, 2005, and 2004, were $3,716,072, <br />$3,540,711, and $3,068,934, respectively, equal to the required contributions for each year. <br />77 <br />