Retirement

A member who has reached the age of 55 years may with his employers consent, retire on the last day of the month occurring before he reached his normal retirement date.

A member must retire on reaching his normal retirement date at the age of 65 years unless his employer agrees to his remaining in service after that date.

A member who is allowed to remain in service after his normal retirement age shall retire on a date agreed with his employer, provided that the member shall not retire later than the last day of the month in which he reaches age 70 years.

Benefit:

When you retire, you will be entitled to a lump sum benefit equal to all your contributions plus your employer’s contributions towards your retirement benefit, inclusive of interest.

Required Documents:

  • Certified ID copy
  • Bank statement (stamped)
  • Claim form

Resignation, Dismissal, Redundancy or Retrenchment

If a member who is not qualified to retire leaves service in circumstances not provided for elsewhere in the rules of the fund or as a result of the expiry of his contract of employment with the employer, he shall become entitled to a lump sum benefit equal to the sum of his fund credit.

Required Documents:

  • Certified ID copy
  • Bank Statement (stamped)
  • Claim Form