Category: Articles EN
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Orphans Pensions – Articles
Article II 6.01 Entitlement to Pension of Single Orphans A dependent child shall be entitled to an orphan’s pension, upon the death of a parent who is a beneficiary of a retirement or a disability pension, or a member. Article II 6.02 Entitlement to Pension of Double Orphans A dependent child shall be entitled to…
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My Family Benefits – Surviving Spouse Pension – Articles
Article II 5.01 Entitlement to Pension for Surviving Spouse The following shall be entitled to a pension for surviving spouse: Notwithstanding the foregoing, a marriage to a beneficiary taking place on or after 1 August 2006 shall not give rise to entitlement to a surviving spouse’s pension, except where the beneficiary has decided to procure…
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Disability Pension – Articles
Article II 3.01 Definition Disability is a certified* permanent incapacity for work resulting from physical and/or mental impairment. It can be total or partial. *Certification is a written statement by a doctor attesting a given medical condition Article II 3.02 Entitlement to Total Disability Pension Any member or former member with a disability recognised by the…
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Section 2 – Retirement Pension
Article II 2.01 Entitlement to Retirement Pension A member who leaves the Fund with at least five years of service, for a reason other than death or total disability, shall be entitled to a retirement pension. The retirement pension may take the form of: a) a retirement pension at the applicable retirement age; or …
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Retirement Pension – Basis for Calculation of Benefits – Articles
Article II 1.08 Basis for Calculation of Benefits Benefits, with the exception of transfer values, are calculated on the basis of the highest of the following amounts at the time of termination of membership: a) for members who joined the Fund on or before 31 December 2011: i) the reference salary corresponding to the remuneration…
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Amount of Anticipated Retirement Pension (Article II 2.05)
Article II 2.05 Amount of Anticipated Retirement Pension The anticipated retirement pension shall be calculated by multiplying the amount of the deferred retirement pension by the appropriate factor in the following tables: a) For members who joined the Fund on or before 30 June 1987 Age at first payment of the anticipated retirement pension Factor (%)…
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Deferred Retirement Pension – Articles
Article II 1.08 Basis for Calculation of Benefits Benefits, with the exception of transfer values, are calculated on the basis of the highest of the following amounts at the time of termination of membership: a) for members who joined the Fund on or before 31 December 2011: i) the reference salary corresponding to the remuneration…
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Transfer Value – Articles
Article II 1.11 Entitlement to Transfer Value a) Where a member has less than five years of service upon termination of membership for a reason other than death or total disability, a transfer value shall be paid into another pension scheme or to the member himself or, at his request, the amount held by the…