Shield Occupational Pension Scheme

The Shield Occupational Pension Scheme is a Master Trust Tier 2 pension plan, fully compliant with NPRA guidelines. This tax-advantaged occupational pension scheme offers a flexible and secure retirement savings solution for both employers and employees. Leveraging a robust pension administration system, the scheme provides a well-diversified investment portfolio, ensuring steady returns. It is designed to support long-term financial well-being through professional management, transparency, and superior service.

Contributions :
Employers participating in the scheme are required to contribute 5% of their employees’ gross salaries as part of the mandatory 18.5% pension deduction, ensuring compliance and securing employees’ retirement savings in a professionally managed plan.

Portability :
Members enjoy full portability of their benefits, allowing them to transfer or preserve accrued savings when changing jobs without disruption. This ensures continuity and control over their retirement funds across career transitions.

Benefits :
At retirement, participants can opt to receive benefits either as a lump sum or regular monthly payments. In the event of a member’s death, nominated beneficiaries will receive the full benefits within 14 days of filing a valid claim, ensuring timely financial support for loved ones.

Service Provider :

Custody Bank: GCB Bank Plc.

Fund Managers: Republic Investment LTD and Cal Asset LTD.