Date | Activity | Description |
25th of each month | Pension Payment | If the 25th is on a weekend or public holiday, the payment is made the preceding working day. |
Quarterly | Pay Slips | Pension pay slips. |
Annually 1 March | Pension increases | Pension increases in accordance with the pension increase policy. The effective pension increase is on 1 March each year, however, the Board of Trustees only assesses the financial position of the pensioner account following the completion of the Annual Financial Statements in May/ June each year. The back-dated pension increase is then implemented after the Board Meeting in May/June. |
Annually | IRP5 | Your IRP5 will be mailed to you which should be taken into account in the completion of your tax returns. |
Ad hoc | Data verification | A data verification form will be mailed to you from time to time whereupon you need to return the completed form before the deadline stipulated. |
Every five years | Election of pensioner representative on the Board of Trustees | You will receive a nomination letter to nominate a candidate. Once all the successful nominations have been received, pensioners will be asked to vote. |