RULES OF A RETIREMENT FUND - FSCA
1. Types of Retirement Funds 6 DIFFERENT TYPES OF FUNDS TYPE FUNCTION Pension Fund Employer/employee relationship. Allows 1/3 of a benefit to be commuted for a lump sum; 2/3 of a benefit for purchasing an annuity. Provident Fund Employer/employee relationship. Allows an entire benefit to be commuted for a lump sum. Retirement Annuity Fund ................
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