Withdrawal Benefits

Withdrawal Benefits

According to the law, one has to resign before reaching the ten (10) year mark. After that, you are not allowed to resign but can now qualify for either deferred or early retirement. A once off payment of the amount equal to ones contributions to the Fund, together with interest on the contributions at a rate determined by the Fund will be paid.

Retirement or dismissal from the Service in consequence of disciplinary proceedings

If a member is dismissed from the Service or forced to retire in consequence of disciplinary procedures taken against him, he shall be entitled to a refund of his contributions with interest as accrued in terms of the provisions of regulation 3(4).