Retirement Benefits

Normal retirement age is 65 years and you may retire early from age 55 with the consent of your employer.

You will receive a benefit statement annually that will show how the money in the Fund is growing and what your savings in the Fund (Fund Credit) amounts to.


Every month you pay 10% of your salary or wages as a contribution to the Fund. Your full contribution is invested for retirement.


Every month your employer pays 10% of your wages or salary as a contribution to the Fund, on your behalf.

A portion of the employer’s contribution goes towards the various costs including risk benefits and the remainder is invested for you by the Fund.