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SECURING YOUR FUTURE

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The member is 55 years of age according to FNPF records and his/her birth certificate. If a member is not 55 according to FNPF records he/she must file an application to correct the details in FNPF records.

How to apply
Complete application form FNPF 9A and submit with original birth certificate.

Eligibility

1. Withdrawal of all funds in his/her account.
2. Eligible for pension if withdrawing for the first time or is a re-entrant after withdrawing on the grounds of marriage or migration.

Members eligible for pensions:-

1. Normal members
2. Re-entrant members who had rejoined the Fund after having withdrawn on the grounds of marriage or migration.

Method of Payment
Members who are eligible for a pension will be sent a Pension Option Form (9OP), detailing the available payment options.

• Full lump sum
• Life pension
• Joint pension
• Part life pension and part joint pension
• Part lump sum and part life pension
• Part lump sum and part joint pension
• Part lump sum and part life and part joint pension

Compulsory lump sum payment
Members who are not eligible for pension will be paid a lump sum payment.

Processing payment for an application for withdrawal of membership on attaining age 55 years

• Payment will be processed on receipt of the pension option form duly completed.
• Where a member opts for full lump sum payment, payment will be made within 3 working days of receipt of the pension option form (9OP).
• Where a member opts for any type of pension, payment will be made within 10 working days of receipt of the pension option form (9OP)
• Where a pension option form is not returned within 2 months of the date sent, it is deemed that the member has opted for a lump sum payment.
• All registered and approved applications must be processed within the timeframes in accordance with this policy.
• Amounts calculated for pension payments for new pensioners must be checked and approved by an authorized approving officer before the first pension payment is made.

CHECK LIST:

⇒ Form FNPF 9A
⇒ Original Birth Certificate or Certified Copy
⇒ Member’s valid bank statement