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
Board of Assessors -- CANCELLED
Mon, Dec 12, 2022, 3:30 pm
Second Floor Meeting Room, 1 Avenue A Turners Falls MA 01376
Posted to: Board of Assessors
Mon, Dec 12, 2022, 5:00 pm - 6:00 pm
Zoom (link in agenda)
Posted to: Library Trustees
  • Attached File: 2022-12-12 Building SC Agenda
  • Selectboard Meeting -- SCHEDULED
    Mon, Dec 12, 2022, 6:00 pm
    Via Zoom
    Posted to: Board of Selectmen
  • Attached File: Selectboard 2022-12-12 Agenda
  • Attached File: Selectboard 2022-12-12 Meeting Material
  • Tue, Dec 13, 2022, 6:30 pm - 7:00 pm
    Via ZOOM
    Posted to: Planning Board
  • Attached File: Planning Board 2022-12-13 Agenda
  • Wed, Dec 14, 2022, 3:30 pm - 4:30 pm
  • Attached File: Capital Improvements Committee 2022-12-14 Agenda
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