If your total accrued pension entitlement does not exceed K5,000.00 (Five Thousand Kwacha) per annum, you can if you so wish, commute the whole pension for a cash lump sum and thereafter there will be no further benefits payable to you by the Scheme.
If your total accrued pension at retirement exceeds K5,000.00 (Five Thousand Kwacha) per annum, then you can only commute the pension for a cash lumpsum equivalent to the K5,000.00 or the 50% of the total accrued pension whichever is higher.
The balance will be used to purchase an annuity that pays the pension in monthly installments for a guaranteed period as you may agreed with a Registered Insurer.
