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What happens to my contributions if I change or terminate public employment?

If you terminate with HCRRS, but are or become employed with another Massachusetts public employer, your funds and service credit must be directly transferred to your new Massachusetts public employee retirement system. Upon a direct transfer of your annuity savings account to another Massachusetts public retirement system, you retain your current contribution rate and service credit. Notify us if you have service with another Massachusetts public employer.

If you terminate all Massachusetts public service and you are not receiving workers compensation benefits, you may be eligible to receive a deferred retirement benefit (10 years vested) or you may be eligible for a withdrawal of your contributions. Contact HCRRS for further information.


      

Hampden County Regional Board of Retirement
67 Hunt Street, #116, Agawam, Ma 01001
Tel. (413) 737-1344 • Fax (413) 732-7999