University of Virginia Library

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Plan B

For those enrolled in the 5/10 step funding plan.

The University will contribute an amount equal to 5 percent of the member's regular salary up to the established earnings base and 10 percent of a member's regular salary above the earnings base up to the salary ceiling in effect for the fiscal year. The earnings base is established for 1977-78 at $14,500 and the salary ceiling is established at $31,000 for 1977-78 and $32,000 for 1978-79.