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I-T-H-P stands for Increased-Take-Home Pay. The City of New York contributes 2.5% of Tier I and II members' gross salary toward their retirement allowance. This reduces the contributions that the members would have to make to the QPP and thereby increases their take-home pay. Members have the choice of waiving their ITHP, which would reduce their take-home pay, but provide them with a higher annuity benefit upon retirement. In any case, the City will make the same contribution to their ITHP account.