CONTRIBUTIONS
Member and Employer Contributions
As per the Rules of the Fund the Employer deducts a percentage of the Member’s pensionable emoluments as a contribution to the Fund. In addition, the Employer contributes a percentage of the Member’s pensionable emoluments to the Fund.
The table below illustrates the percentages applicable based on your date of joining.
| MEMBERS WHO JOINED BEFORE 30 JUNE 2012 | MEMBERS WHO JOINED AFTER 1 JULY 2012 | |
| Member | 9.8833% – 12.3833% Depending on your age upon joining | 9.8833% – 12.3833% as the Default option OR 7.5% |
| Employer | 26.7833% 20% to Member Share Account 5.7833% to Risk Reserve 1.20% to Bonus Service Reserve | 18% 14.2% to Member Share Account 3.8% to Risk Reserve |
Fund expenses are paid from the Risk Reserves.
Additional Voluntary Contributions:
A Member may contribute an additional amount every month over and above the normal monthly contributions. This amount can be changed as the Member’s financial situation changes. Enquiries can be made at the Fund. Click here for the Additional Voluntary Contributions form.