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
Tue, Jan 18, 2022, 6:30 pm
Remote Meeting via Zoom or Phone (See Agenda for Login/Dial-in Info)
Posted to: Board of Selectmen
  • Attached File: Selectboard 2022-01-18 Agenda
  • Attached File: Selectboard 2022-01-18 Meeting Material 1
  • Attached File: Selectboard 2022-01-18 Meeting Material 2 -Budgets
  • Attached File: Selectboard 2022-01-18 Meeting Material 3-Budgets-Narratives
  • Tue, Jan 18, 2022, 7:30 pm - 12:30 pm
    Posted to: Cultural Council
  • Attached File: Cultural Council 2022 01 18 Agenda
  • Montague EDIC -- SCHEDULED
    Wed, Jan 19, 2022, 4:00 pm - 5:30 pm
    Remote via Zoom
    Posted to: Montague EDIC
  • Attached File: MEDIC 2022-01-19 Agenda
  • Wed, Jan 19, 2022, 5:00 pm - 8:00 pm
    Town Hall Second Floor Meeting Room
    Posted to: Board of Health
  • Attached File: Board of Health 2022-1-19 Agenda
  • Selectboard Meeting -- SCHEDULED
    Mon, Jan 24, 2022, 6:30 pm
    Remote Meeting via Zoom or Phone (See Agenda for Login/Dial-in Info)
    Posted to: Board of Selectmen
    Latest News
    Effective December 22 in private and public locations open to the general public
    Santa to visit all 5 Villages of Montague
    Public Hearing 12/21 6:30PM . Review the proposal here.