Will prior creditable service affect my membership date or contribution rate in the Hingham Retirement Board?
If you have retirement contributions from a previous public employer directly transferred to our system, you are entitled to maintain the level of contribution you were paying in your previous employment. If you received a refund of retirement contributions from your previous retirement system and later became a member of the Hingham Retirement Board, your contribution rate with Hingham Retirement Board will be at the new member rate, regardless of what you were paying in the prior system. If you should later purchase your prior creditable service through a buyback, your contribution level will remain at the new member rate and will not be reduced to your previous rate.

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1. Why do I have to contribute to the Hingham Retirement Board?
2. What do you do with my contributions?
3. Do you invest my money?
4. What is the most I can get as a retirement allowance?
5. Does a member's contribution to the Retirement System earn interest? If so, how is the interest calculated?
6. Are employee contributions used to fund the administrative expenses of the Retirement System?
7. What does it mean to be vested?
8. When is retirement an option?
9. What is the retirement allowance based on? How is it calculated?
10. Can I purchase creditable service earned in another Massachusetts public retirement system?
11. Will prior creditable service affect my membership date or contribution rate in the Hingham Retirement Board?
12. Is regular compensation the same as total compensation?
13. Does my participation in a deferred compensation plan affect my Hingham Retirement Board's retirement benefit in any way?
14. If I leave my job, what happens to my contributions?
15. If I leave my job and decide to withdraw my contributions, will I receive all my interest?
16. Is there any time limit after your termination for requesting a refund of your contributions?
17. Can a member who is vested and who terminates employment still be eligible for a refund?
18. If I terminate my employment and leave my money in the retirement system, can I retire at a later date?
19. Can a member withdraw or borrow money from his or her account in the retirement system without resigning or retiring?
20. What are the tax consequences if I take a refund of my retirement contributions?
21. If I die before retirement, what happens to my money?
22. I want to retire, what do I do?