A withdrawal benefit becomes payable when you leave the service of your employer, either due to resignation, retrenchment or dismissal, before you reach normal retirement age.
What benefit will I receive?
If you leave the Scheme, you will automatically become a Preserver member of the Scheme after 120 days, unless you actively elect another option. This is the Scheme’s Default Preservation strategy that is in line with the Default Regulations.
Preserver members don’t make contributions to the Fund and are not covered for death or disability benefits. You will remain invested in the same portfolio you were invested in when you were an active member, unless you make a selection from the available portfolios in the Fund.