(1) In the case of each contributing participant -

(a) a participant contribution,

(b) an employer contribution, and

(c) a State contribution,

shall, subject to subsection (3), be paid to the Authority at the appropriate rate on the participant's gross pay in relation to each payment of emoluments in each employment that is not an exempt employment.

(2) The appropriate rate of any contribution is the rate determined by section 61.

(3) Where a payment of emoluments is made to a participant on any day in a financial year, no contribution is payable on so much of the participant's gross pay in relation to that payment as, taken with the participant's total gross pay, in all employments that are not exempt employments, in the part of the financial year before that day, exceeds €80,000.