Objectives of the Fund

The Fund was established to provide benefits to meet the needs of all members by delivering optimal returns while managing the risks in an insightful and clever manner. The Fund is a defined contribution pension fund. However, members who joined the Fund on 1 December 1994 from the Associated Institutions Pension Fund (AIPF), may be entitled to an additional benefit on retirement from age 60 onwards on condition that the employer pays for the benefit (the respective participating employers signed a contract with the NTRF whereby they take responsibility for this benefit). The Trustees of the Fund are committed to constantly reviewing members’ benefits and actively engage with members to ensure that the benefits offered to the members compare favourably relative to the general market practice during their worklife and at retirement.

Members are offered flexibility and freedom of choice (however limited to some extent).