Does the amount of interest credited to your individual annuity savings fund affect what your overall benefit will be?

No. The amount of money in your annuity savings fund at the time of retirement has no bearing on what your benefit will be. The retirement benefit is determined by a calculation of your highest 36 months of regular compensation, years of creditable service and your age at retirement.

Appears in: Retirement FAQ

Calendar of Events
Mon, Sep 20, 2021, 6:30 pm
1 Avenue A, Turners Falls and see zoom link under Selectboard Meeting Agenda
Posted to: Board of Health
  • Attached File: Board of Health 2021-09-20 Agenda
  • Selectboard Meeting -- SCHEDULED
    Mon, Sep 20, 2021, 6:30 pm
    1 Avenue A, Turners Falls and see zoom link under Selectboard Meeting Agenda
    Posted to: Board of Selectmen
  • Attached File: Board of Selectmen 2021-09-20 Agenda
  • Attached File: Meeting Material 2021-09-20
  • Energy Commission -- SCHEDULED
    Tue, Sep 21, 2021, 4:00 pm - 5:30 pm
    Posted to: Energy Committee
  • Attached File: Montague Energy CommitteeAgenda 2021-09-21
  • Wed, Sep 22, 2021, 10:00 am
    Posted to: Board of Selectmen
  • Attached File: article notice STM 10142021
  • Board of Health -- SCHEDULED
    Wed, Sep 22, 2021, 5:00 pm - 6:00 pm
    Town Hall - Upstairs Meeting Room
    Posted to: Board of Health
  • Attached File: BOH Meeting 09-22-2021 Agenda
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