The retrenchment benefit is payable when a member is retrenched from employment. The benefit payable on retrenchment is the total accumulated employee and employer contributions plus interest, less tax if applicable.

Requirements for Processing Retrenchment Benefits

• A completed and stamped Pension Claim Form.
• A copy of the member’s National Identification Document or Driver’s Licence or valid Passport.
• A copy of the member’s last payslip showing year-to-date (YTD) figures is required for tax assessment purposes.
• Confirmation of retrenchment