Contributions
- a choice of contribution rates starting with a minimum of 4% of your gross taxable earnings
- an employer subsidy matching your contributions up to a maximum of 7% of your earnings
- the ability to contribute lump sum amounts
Investments
- a choice of two distinct and clearly defined investment strategies – balanced and conservative
- professional, low cost investment management
Benefits
- a benefit of your accumulated contributions, your employer’s subsidy plus the income earned on those amounts, when you retire or if you leave the waterfront industry due to redundancy, ill-health, permanent incapacity or death
- an additional death benefit at no cost, if you are making contributions (subsidised by your employer) when you die
- a resignation benefit of your own contributions plus the income earned on those contributions (at the discretion of the Trustees) and 20% of your employer’s subsidy plus income, for each year of service to a maximum of 100% after 5 years.
- in-service access to a portion of your resignation benefit in the event of terminal illness
In Retirement
- the ability to leave all or part of your benefits invested in the Fund after your employment on the waterfront ends including being able to keep contributing
- the option of receiving regular monthly payments from any benefits you have deferred
- the ability to make lump sum withdrawals from your deferred benefits
