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Municipal Contributions <br /> • State law requires a municipality to pay <br /> unless the special fund is fully funded <br /> • Funded status is affected primarily by <br /> changes to benefit levels and investments <br /> • Whether a municipal contribution ism, : I I <br /> required and , if so , the amount is �-- � ' -� <br /> determined by using a statutory formula -- --� <br /> • To fulfill its obligation a municipality may <br /> use any source of public revenue , <br /> including a tax levy <br />