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
Wed, May 25, 2022, 3:00 pm - 4:30 pm
Remote Meeting via Zoom or Phone (See Below)
Posted to: FRTA
MHC
Tue, May 31, 2022, 11:00 am - 1:00 pm
Montague Town Hall AND via ZOOM
  • Attached File: MHC 2022-05-31 Agenda
  • Wed, Jun 1, 2022, 11:00 am - 1:00 pm
    Montague Town Hall AND via ZOOM
  • Attached File: BattlefieldJune 22agenda
  • Wed, Jun 1, 2022, 6:00 pm
    tbd - see agenda for Zoom link
    Posted to: Finance Committee
    Wed, Jun 15, 2022, 5:00 pm - 8:00 pm
    Town Hall - Upstairs Meeting Room
    Posted to: Board of Health
  • Attached File: Montague Board of Health 2021-06-16 Minutes
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