Do member’s contributions to the Retirement System earn interest?

Yes, your contributions are placed in an individual annuity savings fund, which earns annual interest at a rate comparable to that of a passbook savings account.  The interest rate is determined by the Public Employee Retirement Administration Commission and the Commissioner of Banks.  This annual interest rate is independent of that earned on the Retirement System's investments.

Appears in: Retirement FAQ

Calendar of Events
Selectboard Meeting -- SCHEDULED
Mon, Oct 3, 2022, 6:30 pm
Posted to: Board of Selectmen
Selectboard Meeting -- SCHEDULED
Tue, Oct 4, 2022, 5:30 pm
1 Avenue A, Turners Falls
Posted to: Board of Selectmen
  • Attached File: Selectboard 2022-10-04 Agenda
  • Wed, Oct 5, 2022, 11:00 am - 12:30 pm
  • Attached File: Battlefield 10-5 2022 Agenda
  • Wed, Oct 5, 2022, 6:30 pm - 8:00 pm
    Upstairs conference room & via Zoom
  • Attached File: 22-06 0 Swamp Rd Notice
  • Attached File: 22-06 Zoom info for 0 Swamp Rd
  • Wed, Oct 12, 2022, 5:30 pm - 6:30 pm
    Montague Senior Center
    Posted to: Library Trustees
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    Save the Date - Fall STM on Thursday, Oct 13 at 6:30pm at TFHS Auditorium
    Saturday, Sept. 24, 2022 at GCC and the Orange Transfer Station