Daakye Occupational Pension Scheme (Tier 2)

Members enjoy the following benefits from the scheme:

• Old Age Lump Sum Benefit :
  Old Age Benefit is paid to members of the scheme at retirement either voluntarily at age 50 years or have attained the mandatory retirement age at 60
• Mortgage Benefit :
  Daakye Pension Trust’s team of Professional Products Officers assist contributors in using their benefits as collateral to secure a mortgage facility to acquire primary residency.
• Disability Lump Sum Benefit :
  This benefit is paid to members of the scheme who may be incapable of earning a living through normal gainful employment. The member must have been certified by a Medical Board as being incapable of any normal gainful employment due to permanent physical or mental disability.
• Survivors’ Lump Sum Benefit :
  Benefit is paid in a lump sum to the beneficiary nominated by the member of the scheme upon his/her death. This happens when the contributor dies while in active service or before claiming his or her retirement benefits.
• Mortgage Benefit :
  Daakye Pension Trust’s team of Professional Products Officers assist contributors in using their benefits as collateral to secure a mortgage facility to acquire primary residency.

Individuals can also sign on to the provident fund scheme and make contribution towards additional Lump sum at retirement.

Unlike Tiers 1&2, the provident fund can be accessed (collect part or full contributions plus interest) before retirement.