| GROUP PENSION |
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Are you looking for a GROUP PENSION PLAN for your employees?
We have the solution!
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BAI Group Pension Plan offers you the choice, flexibility and the reassurance of investing with one of the leading local providers of financial products. |
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What is Group Pension?
Group Pension is a savings vehicle for members of a group sharing a common interest, e.g. employees of a given company, to provide for their retirement needs. Monthly contributions from the employer and/or employees accumulate with interest into a fund which is available at retirement. |
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An important employee benefit
The savings gap has been a topic of much discussion in recent years and, alongside salary, a good pension scheme is one of the perks that people look for when job-hunting. Employees want to look forward to their retirement knowing they can afford the lifestyle they desire.
A Group Pension Plan takes the role of the employer a step further; it highlights the employer’s concern for its employees after retirement. |
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| What are the advantages of a Group Pension scheme? |
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Retain & attract staff. |
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Strengthen employer/employee relationship. |
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Employees can boost their pension with additional voluntary contributions. |
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Up to 25% of the fund can be taken as lump sum at retirement.* |
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Regular income after retirement is guaranteed for life. |
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Flexibility over pension options at retirement. |
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Benefits are portable – employee is not penalised on switching jobs. |
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Pension at retirement may fully off-set Severance Allowance. |
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| What if the employee leaves service... |
| Before 2 years |
| The employee is refunded all his/her contributions to the pension fund. |
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| After 2 years |
| The employee has 3 choices: |
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Transfer his/her current accrued pension benefits to his/her new employer's pension fund. |
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Transfer his/her current accrued benefits to his/her personal pension plan. |
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Leave his/her accrued pension benefit with his/her previous employer's pension fund. |
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| Why choose BAI Group Pension Plan? |
| As an employer, you have already taken the right decision in providing a pension for your employees. However, have you made the right choice in your pension provider? |
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| BAI Group Pension Plan offers the following benefits |
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Financial strength - as part of British American Investment, one of the fast-growing groups in Mauritius, BAI has the financial |
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stability and strong platform for sustained future growth and success. |
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Excellent customer service – BAI is fully committed to providing the best possible service to its customers. |
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Innovative technology. |
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Investment expertise. |
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BAI Group Pension Services – these include setting up and administration of the scheme, fund investment and actuarial |
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investigation. |
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| For further details, please contact our Pension Division – 800 1000 |
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* Subject to change in accordance with applicable legislation. |
