Does the amount of interest credited to your individual annuity savings fund affect overall retirement benefits?

No. The amount of money in your annuity account has no bearing on your future allowance. This is determined by a formula consisting only of your age, service, and three-year salary average.

Appears in: Retirement Board FAQs

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Mon, Aug 15, 2022, 6:00 pm
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Posted to: City Council
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City Hall meeting room, 14 Court Square
Posted to: Licensing
Tue, Aug 16, 2022, 6:00 pm
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Posted to: City Council