Occupational Retirement Benefit schemes are set up as defined contribution schemes where the amounts of contribution by both employer and employee are determined at the start of the scheme.
Our plan is an employer sponsored arrangement that is set up under irrevocable trust. Upon being set up, the scheme is becomes a separate legal entity from the employer. We offers two services in this space, namely:
1) Deposit Administration (Fund Management) and
2) Benefits/Scheme Administration.
At the time of retirement, the overall benefit is determined by the total amount of contributions and the accrued interest earned on the contributions.
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