The Rules of your Fund have been updated to comply with new retirement legislation. These amendments allow for the preservation of your benefits if you choose to postpone the date on which you receive your retirement benefit.
You are now able to:
- Select your date of retirement for withdrawal purposes: this date can be later than your actual retirement date.
- Preserve your Fund Credit in the Fund until the date on which you want to start drawing a pension.
If you choose to defer your retirement, the administration fees that are due after the date of your actual retirement will be deducted from your Fund Credit. Usually, these fees are deducted from your contributions, but as you will no longer be contributing to the Fund, they will need to be deducted from your Fund Credit instead.