- Provident Fund
- Superannuation Fund
- Retirement Fund
- Pension Funds Act
- Government Employees Pension Law
Provident FundThe Provident Fund was established in 1996 as a defined contribution fund, and provides lump sum benefits only upon the retirement or death of members based on total accruals in respect of contributions paid by both member and employer, plus profit and interest earned.For a detailed overview of the composition of benefits payable, contribution rates and related information.
FAQ PROVIDENT
Superannuation FundThe Superannuation Fund was established in 1942 as a defined benefit fund, and provides lump sum and monthly pension benefits to members upon early retirement from age 55 to normal retirement at age 65, and to spouses and eligible children upon the death of members, subject to the provisions of the Regulations, calculated on salary and service. FAQ SUPERANNUATION
Retirement FundThe Retirement Fund was established in 1967 as a defined contribution fund and was subsequently converted into a defined benefit fund for the lower income members, in 1975, at which time the payment of lump sums and monthly pensions commenced upon the early retirement of members at age 55 to normal retirement at age 65, and to spouses upon the death of members, subject to the provisions of the Regulations, calculated on salary and service.
FAQ RETIREMENT