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Benefits on Retirement

Discover the comprehensive retirement benefits designed to secure your future

Normal Retirement

Retirement Age

Teaching Staff: 70 years
Non-Teaching Staff: 60 years

Important Information

Normal retirement is the standard age at which employees are expected to retire from service. Your benefits will be processed automatically as you approach this age.

Early Retirement

Early Retirement Options

Teaching Staff: 10 years before normal retirement age
Non-Teaching Staff: 5 years before normal retirement age

Requires Sponsor's consent

Application Process

To apply for early retirement, you must submit a formal request to your department head and receive approval from the sponsor. Applications should be submitted at least 6 months before your intended retirement date.

Considering Early Retirement?

Schedule a consultation with our retirement specialists to understand the financial implications and benefits of early retirement.

Early Retirement Consultation Image

Key Features

Predictable Timeline

Plan your retirement with confidence knowing exactly when you'll be eligible for full benefits.

Maximum Benefits

Receive the full retirement package with no reductions for early withdrawal.

Simplified Process

Experience a streamlined application process with minimal paperwork requirements.

Retirement Benefits Structure

Cash Lump Sum

One-third of the Member Account is available as an optional cash lump sum, providing immediate financial flexibility upon retirement.

Annuity

Two-thirds of the Member Account is commuted towards purchasing an annuity, ensuring a steady income stream throughout your retirement years.

Trivial Amount Option

If monthly annuities constitute a trivial amount, members may elect to receive the whole amount as a lump sum, simplifying your retirement finances.

Income Draw Down

Option to apply accumulated credit towards income draw down with a minimum period of 10 years, giving you greater control over your retirement funds.

Frequently Asked Questions

When should I start planning for retirement?

How is my retirement benefit calculated?

Can I access my retirement benefits before retirement age?

Need More Information?

Our retirement specialists are available to answer your questions and provide personalized guidance.