FAQs
Answers to the questions members ask us most often.
General Information
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How long will I receive Pension?
Pension is payable to the Member for life but guaranteed at 15 years.
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Can I access my benefits Now?
Benefits are available to any member in accordance with the PPS Act.
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Do I get my benefits if I resign or terminated?
Upon resignation or termination benefits will be paid out according to sections 12 and 13 of the PPS Act.
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How long does it take to receive my benefits?
If the member has submitted all the requirements, it usually takes two weeks to effect payment.
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What happens in case a member dies?
When an active member dies, his nominated beneficiaries are paid the entire accumulated fund. In case the member was already a pensioner, the nominated beneficiaries continue to enjoy the deceased member’s pension for the reminder of the 15 year guaranteed period.
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Can I get my Lump sum?
Once a member qualifies for Pension, he qualifies to get a lump sum payment of up to 33.33% of his accumulated benefit. The rest is used to purchase his/her annuity.
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Who qualifies to get pension?
Pension is be paid to a member who retires or ceases to be a member on or after attaining forty-five years of age, subject to service as a member for a continuous period of ten years or more.
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How does one enroll into the Scheme?
Enrollment into the Scheme takes place after either swearing in as a Member of Parliament/ Ex-official or getting employed as a Commission staff on permanent and pensionable terms and submitting duly completed Enrollment and Nomination forms to the Scheme.
Pension Business
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Who can access mid -term benefits?
Mid-term benefits of up to 20% are paid to a member on or after attaining forty-five years of age, subject to service as a member for a continuous period of ten years or more on request.