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, May 16, 2022, 6:00 pm - 8:00 pm
see Zoom link attached to the Agenda
Posted to: Board of Health
  • Attached File: Joint BOH and Selectboard Meeting 2022-05-16 Agenda
  • Mon, May 16, 2022, 6:30 pm
    see zoom link under Selectboard Meeting Agenda
    Posted to: Board of Selectmen
  • Attached File: Selectboard 2022-05-16 Agenda
  • Attached File: Selectboard 2022-05-16 Meeting Materials
  • Tue, May 17, 2022, 7:00 am - 7:00 pm
    Posted to: Town Clerk
  • Attached File: Annual Town Election May 17 2022
  • Tue, May 17, 2022, 4:30 pm - 5:30 pm
    Posted to: Energy Committee
  • Attached File: Montague Energy CommitteeAgenda 2022-5-17
  • Wed, May 18, 2022, 5:00 pm - 8:00 pm
    Town Hall Second Floor Meeting Room
    Posted to: Board of Health
  • Attached File: Board of Health 2022-05-18 Agenda
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