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, 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
    Retirement Board -- SCHEDULED
    Tue, Jan 25, 2022, 9:00 am
    Town Hall - 1st Floor Meeting Room
    Posted to: Retirement Board
    Tue, Jan 25, 2022, 4:30 pm - 6:00 pm
    ZOOM
    Posted to: Energy Committee
  • Attached File: Montague Energy CommitteeAgenda 2022-1-25
  • Latest News
    Effective December 22 in private and public locations open to the general public
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