ILL HEALTH RETIREMENT BENEFIT
This benefit is payable if a member leaves employment due to ill-health. Upon the recommendation of a registered medical practitioner, and at the satisfaction of the member’s employer, he/she can submit a pension claim together with a medical report to the Fund for processing. The Ill-health retirement benefit is paid regardless of the member’s age or length of service.
The benefit due is the total employee and employer contributions, plus accumulated interest. The interest is recommended by the Actuary from time to time, based on the performance of the Fund’s investment assets. However, if the member is between the ages of fifty (50) and fifty-four (54), and has contributed to the Fund for at least fifteen (15) years, or is above the age of fifty-five (55), the Fund Rules provide for such a member to be introduced on pension.
Requirements for Processing Benefits