Understanding what your pension provides.

Retirement benefit

Your retirement benefit is the core of your Mukuba membership — the income or lump sum you will receive when you reach retirement age.

Death-in-service benefit

If you die while you are still an active member of the scheme, a benefit is payable to your nominated beneficiaries.

• DB members: A lump sum death benefit of 3× your annual pensionable salary is payable. An ongoing spouse's pension of 50% of your accrued pension is also payable to an eligible surviving spouse.
• DC members: The full balance of your DC account is paid to your nominated beneficiaries.

Keep your nomination up to date. You can nominate or update beneficiaries at any time using the Nomination of Beneficiary form on our Resources page.

Ill-health retirement

If you are permanently incapacitated and unable to continue working, you may qualify for an ill-health early retirement benefit before your normal retirement date (age 60). DB members who qualify receive their accrued pension immediately, without any early-retirement reduction. DC members may access their full account balance. In both cases, medical evidence of permanent incapacity must be provided and the benefit is subject to trustee approval. Contact our member services team to begin the process.

Deferred membership (if you leave your employer)

If you leave your employer before retirement age, your benefits remain preserved in the fund as a deferred member. Your benefit continues to be protected until you reach retirement age. Contact us when you leave employment so we can update your records.

Your annual benefit statement

Every year, Mukuba sends members a benefit statement showing their accrued benefits to date (DB) or current account balance (DC). If you have not received your statement or would like an up-to-date calculation, please contact us.