How contributions work

Every month, you contribute 10% of your wages or salary towards the Provident Fund.

In addition, the employer also contributes 10% of your wages (on your behalf) to the Fund. A portion of this contribution goes towards your retirement savings and a portion is used to cover your risk benefit costs, such as death, disability and funeral benefits.

Retirement savings are invested by the Fund over the term of membership. The interest earned through this investment is added to your retirement savings (fund credit) in the form of annual bonus declarations.

Note: Audited benefit statements are distributed annually.

contributions
retirement