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].
Early Retirement
When a member leaves employment after reaching the prescribed early retirement age of fifty five (55) and the employer so permits he / she is entitle to pension based on their accumulation credit as at early retirement date.
Normal Retirement
This is when a member chooses to retire on the first day of the month following or coinciding with his / her 65th birthday.
Late Retirement
This is when a member continues in service for a further period but not beyond his 70th Birthday and all contributions shall continue to be payable. He/ she will be entitled to a pension calculated base on the accumulated credit as at date of late retirement.
Requirements:
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].