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
Mon, May 23, 2022, 3:30 pm
Second Floor Meeting Room and Assessors Office, 1 Avenue A Turners Falls MA 01376
Posted to: Board of Assessors
  • Attached File: Board of Assessors 2022-5-23 Agenda
  • Selectboard Meeting -- SCHEDULED
    Mon, May 23, 2022, 6:30 pm
    see zoom link under Selectboard Meeting Agenda
    Posted to: Board of Selectmen
  • Attached File: Selectboard 2022-05-23 Agenda
  • Attached File: Selectboard 2022-05-23 Meeting Materials
  • Retirement Board -- SCHEDULED
    Tue, May 24, 2022, 9:00 am
    Town Hall - Annex Meeting Room
    Posted to: Retirement Board
  • Attached File: Agenda Regular 5-24-22.docx
  • Tue, May 24, 2022, 6:30 pm - 8:00 pm
    Town Hall Annex Meeting Room
    Posted to: Planning Board
  • Attached File: Planning Board 05-24 2022 Agenda - Copy
  • Wed, May 25, 2022, 3:00 pm - 4:30 pm
    Remote Meeting via Zoom or Phone (See Below)
    Posted to: FRTA
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