Members

The Scheme provides various benefits depending on the circumstances under which the employee/member leaves employment. The circumstances include:

  • Retirement on Medical grounds
    A member who is retired from employment owing to poor health is entitled to a pension for the rest of his/her life, an optional cash lump sum payment.
  • Death in Service
    If a member dies while in service, his beneficiaries (spouse and a maximum of 4 children) are entitled to a pension and a lump sum payment. The spouse's pension is paid for the rest of his/her life while children earn their pension up to the age of 18 years or 23 years if still in school/college.
  • Early Retirement
    A member who is aged above 50 years but below 60 if granted approval by the employer to retire (early retirement) he/she is entitled to pension for the rest of his life, an optional cash lump sum payment.
  • Normal Retirement
    A member, who retires on attainment of 60 years of age, is entitled to a lump sum payment and a monthly pension for the rest of his/her life. The pension is guaranteed for the first 5 years (60 months).
  • Withdrawal (Resignation, termination, dismissal etc.)
    A member who leaves the company under any of the above forms of separation is entitled to a refund of his/her own contribution and 50% of employer contributions with a deferred pension payable upon attainment of normal retirement age. However,
    1. If a member, after resignation, joins another scheme that is registered, his and employers contributions can be transferred to his new scheme.
    2. If a member resigns and is to migrate out of the country, he/she is entitled to payment of both his/her and employer's contributions.
  • Death in Retirement
    If a member dies in his retirement, his spouse and children below the age of 18 years (or 23 years if still in school) are entitled to a monthly pension. The spouse's pension is paid for the rest of his/her life. They will also receive balance of the guaranteed pension that had been entitled to the retired member.

Core Values

Integrity
Accountability
Courtesy
Efficiency
Stewardship

Latest News

fire awards 2016

The Fund participated for the third time in the Investment Awards 2016 organized by Think Business Ltd.

During the Award Presentation Ceremony held on Friday 28th October 2016 at the Windsor Golf & Country Club, the DC Fund bagged 2 Trophies (1st runners up in the Not for Profit category and 2nd runners up in the IFRS category) and the DB Fund b

The Fund participated for the fifth time in the Champion of Governance (COG) Awards 2016. The Fund was recognised during the award ceremony held on 4th November 2016 at the Intercontinental Hotel in the following categories;