The SEKU Pension Scheme operates a Defined Contribution (DC) pension arrangement where members have individual accounts funded by both employer and employee contributions plus investment income.

Monthly contributions are remitted by both employee and employer at rates specified in the Scheme Rules. Contributions are credited to your individual member account.

Your retirement benefit equals:

• Your total contributions
• Employer contributions (subject to vesting rules)
• Investment income earned over time

The SEKU Pension Scheme offers:

• Retirement pension
• Survivor’s benefit for nominated dependants
• Disability pension (if certified)
• An option for a lump sum withdrawal

Your benefit depends on your vesting schedule. You may:

• Receive your own contributions plus vested employer contributions
• Preserve your funds in the Scheme
• Transfer to another RBA-registered scheme

Your full account balance is paid to your nominated beneficiaries in line with the Retirement Benefits Act.

Yes. If certified permanently disabled by a medical board and approved by Trustees, your full balance becomes payable.

No. Pension funds cannot be assigned or pledged as collateral under the Retirement Benefits Act.

Yes. Preserved funds continue to earn investment income.

Statements are issued at least once a year. You may also request an updated statement anytime.