> Active Members and InActive Members > Frequently Asked Questions > What is my contribution rate?

What is my contribution rate?

Your contribution rate is based on your membership date. Contributions are made on "Regular Compensation" only. Overtime and other types of compensation are not included as salary subject to retirement contributions.

If your membership date is: 1) prior to January 1, 1975, you contribute 5%; 2) between January 1, 1975 and December 31, 1978, you contribute 7%; 3) between January 1, 1979 and December 31, 1982, you contribute 7% on first $30,000 of salary and 9% on the remainder; 4) between January 1, 1984 and June 30, 1996, you contribute 8% on first $30,000 of salary and 10% on the remainder; 5) July 1, 1996 or later, you contribute 9% on first $30,000 of salary and 11% on the remainder.

If you had service and membership with another Massachusetts public retirement system you may be eligible to retain your original contribution rate, provided you have not previously withdrawn your contributions, thus terminating your membership rights.



      

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