Do member’s contributions to the Retirement System earn interest?

Your contributions are placed in an individual annuity savings fund, which earns annual interest at a rate comparable to that of a passbook savings account. The interest rate is determined by the Public Employee Retirement Administration Commission and the Commissioner of Banks. This annual interest rate is independent of that earned on the Retirement System's investments.

Appears in: Retirement Board FAQs

Calendar of Events
Thu, May 19, 2022, 11:00 am
35 Pleasant St, Greenfield
Posted to: Council on Aging
  • Attached File: COA Nominating Committee 2022-5-19 agenda
  • Thu, May 19, 2022, 2:00 pm - 2:30 pm
    DPW Administration Building Meeting Room, 189 Wells St.
    Posted to: Public Works
    Thu, May 19, 2022, 6:00 pm - 7:30 pm
    Youth Center, 20 Sanderson Street
    Posted to: Parks & Recreation