(1) The rate of participant contributions and employer contributions in respect of a contributing participant in any employment shall be:

(a) for a payment of emoluments in years 1 to 3, 1.5 per cent;

(b) for a payment of emoluments in years 4 to 6, 3 per cent;

(c) for a payment of emoluments in years 7 to 9, 4.5 per cent;

(d) for a payment of emoluments after the end of years 7 to 9, 6 per cent.

(2) The rate of State contributions in respect of a contributing participant shall be:

(a) for a payment of emoluments in years 1 to 3, 0.5 per cent;

(b) for a payment of emoluments in years 4 to 6, 1 per cent;

(c) for a payment of emoluments in years 7 to 9, 1.5 per cent;