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About Us

Who We Are

The Tourism Industry Pension Fund is a Self Administered Fund established in 2014 and registered with the Insurance and Pensions Commission in terms of the Pension and Provident Funds Act [ Chapter 24:09].

Contribution to the Fund is compulsory to all employees whose Employers are registered with the National Employment Council for the Tourism and Hospitality Industry in terms of section 8 (2) of SI 122 of 2015.

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Benefits

Our Benefits

Death in Service Benefits

If a member dies in service, their Spouse or Dependants receive a funeral benefit of three times the pensionable salary and a death benefit of two times the annual salary.

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Resignation/ Dismissal/ Retrenchment Benefits

If a member resigns or withdraws before retirement age, they qualify for a withdrawal benefit. Only the member’s portion is subject to tax.

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Retirement Benefits

Members can retire early at 55 with employer approval, at 65 normally, or at 70 with continued contributions. Pensions are based on accumulated credit at retirement.

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