The Fund was established for the sole purpose of providing benefits in respect of the retirement, permanent total disablement or the death of a member as specified in the Act and Regulations. The Fund is a defined contribution and benefits are paid by way of lump sum, instalments or combination of both.
The National Retirement Benefits Fund Scheme Board of Directors shall administer the Fund in accordance with the provisions of the Act and Regulations, and thus responsible for the management and investment of the fund.
The Fund will send members ongoing communications to keep them informed about events related to the Fund. These are the communications members will receive from the Fund:
- Information Guide – member receives it when he joins the Fund
- Member Statement of Account – member receives it once a year after July or on request
- Annual Report – Once every year