Home

No, you will not lose your pension. You will continue to enjoy your pension whislt making contributions on a new pension account with your new employer. Once you start earning a pension you receive it for life.

You have to remember that whilst you are employed, the pension contribution deductions are made before tax, so you would not have paid any tax on it during employment. That is why you eventually have to pay it, both as a penalty if you cash your lump sum before retirement and as tax on your pension salary if the salary falls above P36000 per annum.

Yes, funeral advance cover is open to all members of the fund including pensioners. However some pensioners who chose other options are exempted from the cover. Some are given a limited period. For example a pension who chose 10 yeas guarantee option will be covered for the duration of the 10 year period. A pensioner who chose joint life is exempted because of the nature and conditions of the retirement option.

The Fund needs proof and assurance each year that pensioners are still alive to continue paying out the monthly pension into their bank acoounts. This is done to protect your benefits in the event that you are no longer alive and ensure that the proceeds(if any) go to the right beneficiaries.When a pensioner dies the Fund will process his death benefits according to the retirement option he/she chose at retirement.

Pensioners whose monthly salaries exceed 3000 pula do pay tax.

Certificate of existence / COE is a form that pensioners complete to indicate that they are still alive so that they continue earn their pension salary. The form is completed annually and pensioners who fail to comply are suspended until they complete and submit the form to the nearest DPF office.

No, a retirement option is tied to a lot of factors at retirement and once calculated at retirement it is not possible to switch or change to a different option. It is a life choice.

Debswana pension fund offers four types of retirement options –they are 1. Joint life with spouse 2. Joint life with dependant 3. 5 years guaranteed 4. 10 years guaranteed Refer to the attached retirement guide brochure