PENSION TIPS COLUMN |10 January 2012

We invite members of the public to kindly send in their questions through the following contacts:

Tel: +248 29 46 50
Email: vdingwall@spf.sc
Fax: +248 22 50 37

Retirement Pension

Q: Will my pension always remain the same after retirement?

A: Based on the cost of living and subject to approval, your pension may be subject to 5% increase as the financial situation of the Fund permits.

Q: If I want more than 5% than my entitlement, what should I do?

A: You have to make a monthly voluntary contribution to the Fund to be able to enhance your pension on retirement.

Q: Will I receive my social security retirement pension with my Pension Fund pension?

A: Under arrangements with Social Security Fund, the SSF’S pension is payable with the Pension Fund’s pension directly into your bank account of your choice.