Resignation / Dismissal Benefits

The following benefit options apply to members who leave employment before attaining retirement age through resignation/dismissal:

1. Refund of employee contributions (plus Fund interest), less tax AND preservation of employer contributions (plus Fund interest).
2. Refund of employee contributions (plus Fund interest), less tax AND transfer employer contributions (plus Fund interest) to any registered retirement annuity fund within Zimbabwe.
3. Preserve both employee contributions (plus Fund interest) AND employer contributions (plus Fund interest) within the Fund.
4. Transfer to any registered annuity fund within Zimbabwe, both the employee contributions (plus Fund interest) and employer contributions (plus Fund interest).
5. Refund of both employee contributions (plus Fund interest) AND employer contributions (plus Fund interest) less tax. This is only applicable in instances where the employer contribution is less than or equal to the prescribed amount set by the Insurance and Pensions Commission.

Your deferred pension will become payable at your normal Retirement date. However you may opt to be paid early:

• From age 55:
• Upon death – Benefits become payable to the eligible dependents.

If you choose to transfer or preserve your benefits in a registered Pension Fund or Retirement Annuity Fund, the transfer value is not taxable. However, if you elect to receive the benefits directly as a cash payment, the benefit will be subject to tax in accordance with applicable legislation.

• Certified copy of your Identity Document (ID) or valid Passport or Driver’s License,
• Fully completed Member Exit Form submitted by the Employer,
• Current Banking details,
• A copy of your last payslip.
• Member option letter.