What happens to my contributions?

The retirement office establishes and maintains an individual annuity savings account in your name for your retirement. At the end of every calendar year, you will receive a statement showing the balance of your contributions accumulated interest so you know how much you have in your account.

Show All Answers

1. Am I eligible to become a member of the Framingham Retirement System?
2. Am I required to become a member of the Framingham Retirement System?
3. How much am I required to contribute?
4. What happens to my contributions?
5. What type of retirement plan is this?
6. Will I have access to the funds in my annuity savings account?
7. When will I be vested in a retirement allowance?