The account is designed for members who wish to save for their retirement and is suitable for both salaried and non-salaried members.
Features:
• Open to all members – Employed or self-employed
• Minimum savings of Kshs. 1,000 per month
• Earns interest at 8% per annum
• Pension saved can guarantee member loans
• Upon retirement, 1/3 of the savings is paid to member
• The 2/3rd is paid as a monthly salary for up to 10 years or as desired
• In case of death, next of kin will be paid for 5 years or remaining period, whichever is less