All sworn police officers and firefighters are required to participate in the Police and Firefighters’ Defined Benefit Pension Plan which was established in October 1997. The current contribution by each affected employee is ten and one-half (10-1/2%) percent of covered compensation paid to the employee. This contribution level may be adjusted annually; however, the level of contribution cannot be allowed to go below eight (8%) percent. The current plan multiplier is three (3%) percent times years of service. The vesting period for the Plan is five years.