Employees Save on
TRANSFER COSTS as the eFund and provides the following Unique Features:
Monthly Pension Annuities
Retiring employees have the option to keep their money in eFund and to receive a monthly pension. A wide range of annuity options are available within or outside the eFund.
PRESERVATION of employee savings as a PAID-UP benefit
When a withdrawal benefit is payable, employees have the option of preserving their benefit as a paid-up benefit in eFund, as opposed to transferring to a preservation fund.
The Advantages of the above-mentioned options:
- Low administration and investment fees.
- Moving to this option within eFund does not incur an additional administration fee.
- Save on commission charges payable when transferring benefits to a preservation fund or an annuity outside of the fund.
- Giving more value to the employees.