Retirement Savings Plan

This product is a saving mechanism through which members could save consistently towards retirement. The plan matures at age 60 with a provision for early retirement at the age of 55 or after 10 years participation. At this time the sum is transferred into an annuity for payment of a monthly pension for a defined period of life. Members response to the Plan to date has been very encouraging. Others are invited to capitalize on this opportunity to save and secure their financial future.

The NIS Age Benefit serves as a good foundation on which to build a complete financial program for retirement.

The task of meeting basic needs, is made easier with this benefit but it may still require additional savings, insurance and wherever prudent money at work with investments.

Our plan enables you to make contributions on your own behalf into an account and thereby build assets on a long term basis for a pension at retirement.

•  $40.00 minimum monthly saving.

•  Minimum 10 year participation or until the member's 55th birthday whichever is later

Download Retirement Savings Form