You may not borrow against your Annuity Savings account.
FAQs
Active/Inactive Members
Can I borrow from my Annuity Savings Account?
How is my contribution rate determined?
Contribution rates are determined by M.G. L. Chapter 32 and are based on your Membership Date.
Contribution rates are as follows:
5% for Members Enrolled Prior to 1/1/75
7% for Members Enrolled Prior to 1/1/84
8% for Members Enrolled Prior to 7/1/96
9% for Members Enrolled After 7/1/96
Additional 2% deductions on wages in excess of $30,000 annually for all employees who became members after 1/1/79.
How much money do I have in my Annuity Savings account?
Contribution balances are updated every pay period and interest is posted at the end of December. You may view your account balances online by logging into your account.
What happens to my Annuity Savings Account if I terminate from active employment
You have several options if you separate from active employment. Please view your options on the Life or Job Changes page.
