FAQs

Retirement FAQ

• How will my municipal pension affect my Social Security?
• Is Membership mandatory for Montague employees?
• How is my membership date determined?
• How much do members contribute to the Retirement System?
• Do member’s contributions to the Retirement System earn interest?
• Does the amount of interest credited to your individual annuity savings fund affect what your overall benefit will be?
• Is regular compensation the sames as total compensation?
• Can I purchase creditable service earned in another Massachusetts Public Retirement System?
• Will prior creditable service affect my membership date or contriubution rate?
• When is retirement an option?