Funds

Retirement Fund

The retirement fund is a defined contribution fund operating nationally within local government. You may choose to receive between 0% and 100% of your fund credit as a lump sum benefit. The portion of your fund credit, which you do not take as a lump sum benefit, may be converted into a pension of your own choice.

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Category A Fund

The 2% Fund (also called Category A) is a fund established by collective bargaining. Membership has therefore been a condition of service at participating councils since 1987.

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