 What is the youngest age I can start a Pension plan with Churches Retirement plan
What is the amount of pension that I will receive and how will it be paid?
Answer: The amount of pension that you receive is dependent on two sets of factors.
a) Your age, mortality and sex.
b) The amount of money in the funds at retirement, the performance of the relevant investment funds and expenses. Close [x]
Answer: This is possible. Any increase will be paid in the form of a cash bonus. Other options are available. Close [x]
Answer: If it is a small pension as defined by the Income Tax Act, you may receive your entire pension as a lump sum. Otherwise, you can choose to receive up to a quarter of your pension as a lump sum with reduced monthly payments thereafter. Other options are also available. Close [x]
Answer: Your beneficiaries will be entitled to receive your benefit as defined under the Scheme Rules. Close [x]
Answer: Your beneficiaries will receive the benefit according to the terms and conditions of the payment option you had chosen. Close [x]
Answer: It is retirement taken within 10 years of the Normal Retirement Date. Close [x]
Answer: You become eligible for benefits upon normal retirement, that is, between the ages of 60 and 70 years. The benefits, however, will also be paid if you choose to retire early or retire as a result of disability from bodily injury, ill-health, disease or mental disorder. Close [x]
Answer: A Pension Manager supported by a group of Trustees and other professionals will administer the Scheme and manage the investment funds. The yield on each investment Fund will be published regularly. Close [x]
Answer: This will depend on the investment options that you choose and the performance of the investment funds. Close [x] |
