Is regular compensation the sames as total compensation?

No.  Regular compensation is the portion of your salary that is subject to retirement contributions.  Over time, bonuses, severance pay, any payments made for unused sick time or vacation time and several other payments are not considered regular compensation and thus do not have retirement contributions withheld at the time of payment.

Appears in: Retirement FAQ

Calendar of Events
Mon, Apr 26, 2021, 3:30 pm
Assessors office, 1 Avenue A Turners Falls MA 01376
Posted to: Board of Assessors
  • Attached File: Board of Assessors 2021-4-26 Agenda
  • Selectboard Meeting -- SCHEDULED
    Mon, Apr 26, 2021, 6:30 pm
    Via Zoom
    Posted to: Board of Selectmen
  • Attached File: Board of Selectmen 2021-04-26 Agenda
  • Mon, Apr 26, 2021, 6:30 pm - 8:30 pm
    Zoom
    Posted to: Library Trustees
  • Attached File: 2021-04-26 Library Trustees Agenda
  • Retirement Board -- SCHEDULED
    Tue, Apr 27, 2021, 9:30 am
    Zoom https://zoom.us/j/93586349338
    Posted to: Retirement Board
  • Attached File: Retirement Board 2021-04-27 Agenda
  • Planning Board -- SCHEDULED
    Tue, Apr 27, 2021, 6:30 pm - 8:00 pm
    Town Hall 2nd Floor Meeting Room
    Posted to: Planning Board
  • Attached File: posting SP 2022-02
  • Attached File: Planning Board 2021-04-27 2021 Agenda
  • Latest News
    Participate Online 5/17 - 5/21 to Spread Awareness
    To: General Montague News
    A COVID safe drive through for local families, goodie bags for the children who attend!
    To: General Montague News