The amount each employee is required to contribute to the Reading Retirement System each year is set by statute. If you joined the System on or after July 1, 1996, you must contribute nine% of your regular compensation. If you joined any time between January 1, 1984 and June 30, 1996, your contribution rate is set at 8%. Members who joined the system between 1975 and 1983 contribute 7%. Those employees who became members prior to 1975 are contributing 5%. The law also mandates that for members whose membership commenced on or after January 1, 1979, an additional 2% of regular compensation will be withheld on compensation over $30,000. This 2% is in addition to the seven, 8, or 9% standard deduction from your total regular compensation.