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
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