RSA 103:7 Assessment on Salaries.

The retirement and other compensation provided for by this chapter shall be paid out of a retirement fund, which shall consist of all moneys collected from assessments or appropriations or gifts provided for herein. At the beginning of each fiscal year the board shall fix the applicable rate of assessment upon the annual salaries of all permanent policemen who accept the provisions hereof. Unless and until changed by the board, such rate of assessment shall be 6-85/100 percent of each policeman's annual salary, except, that in the case of any policeman employed by a city having a population of more than 34,000 inhabitants and until the governing body of said city shall elect to discontinue its present policy of paying a supplementary retirement benefit to any permanent policeman employed