Can I purchase creditable service earned in another Massachusetts Public Retirement System?

Yes, if you were a member of another Massachusetts Public Retirement System subject to the provisions of M.G.L. Chapter 32 and you withdrew your retirement contributions, you may be eligible to buy back that prior service.   You must repay the original amount of the refund, plus interest to the date of the repayment.  You may complete the buy back as a lump sum payment, pre-tax rollover or in some circumstances through a deferred compensation plan within 5 years from the date of the agreement.

Appears in: Retirement FAQ

Calendar of Events
Tue, Jun 28, 2022, 9:00 am
Town Hall Annex - 1 Avenue A
Posted to: Retirement Board
  • Attached File: Retirement Board 2022-06-28 Agenda
  • Tue, Jun 28, 2022, 4:30 pm - 6:00 pm
    ZOOM
    Posted to: Energy Committee
  • Attached File: Montague Energy CommitteeAgenda 2022-6-28
  • Tue, Jun 28, 2022, 6:00 pm - 7:00 pm
    Town Hall Annex
    Posted to: Cemetery Commission
    Tue, Jun 28, 2022, 7:00 pm - 8:00 pm
    Gill-Montague Senior Center- 62 5th Street
    Wed, Jun 29, 2022, 2:30 pm
    Millers Falls Branch Library, 23 Bridge St, Millers Falls, MA 01349
    Posted to: Library Trustees
  • Attached File: 2022-06-29 Library Trustees Personnel Subcommittee Agenda
  • Latest News
    Sponsored by the Montague Tree Advisory Committee
    Calling all residents to take survey on the future of Montague
    Montague staff out in field performing night flow isolations at manholes