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CITY OF SOUTH BEND <br />NOTES TO FINANCIAL STATEMENTS <br />(Continued) <br />Funding Policy and Annual Pension Cost <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 offi- <br />cers' 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 to the plan for the years ending December 31, 2005, 2004, and 2003, were $3,540,711, <br />$3,068,934, and $2,873,958, respectively, equal to the required contributions for each year. <br />60 <br />