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, 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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