Grounds for Withdrawals > Compulsory Retirement
Compulsory retirement occurs when an employee is being disengaged or terminated from active service in accordance with the terms and conditions of service, before attaining the age of 50 years.
This category of retiree can only access up to 25% of the balance in their RSA 6 months after disengagement; the remaining balance can only be accessed after the retiree attains 50 years of age through a lump sum and programmed withdrawal or annuity.
Requirements to be fulfilled by the RSA Holder
A RSA holder who retires compulsorily before the age of 50 years and wishes to apply for 25% of his RSA balance shall provide copies of the following documents:
- Completed Application form. Click to download.
- Official notice of retirement issued by his/her employer;
- A document confirming that the retirement is in accordance with terms and conditions of his/her employment
- Last pay slip or evidence of total annual remuneration.
- Evidence of any accrued pension rights/acknowledgement of indebtedness (if an employee in the private sector or a self-funded government organisation), as well as any outstanding pension contribution.
- Means of identification:- any of the following:
- National identification card
- Valid international passport
- Valid driver’s license
- Letter of confirmation of identity from his/her bank or notary public
- Bank account details:
- Name of bank
- Branch or location of bank
- Account number
- Account name
- Evidence of account
- One passport photograph
- Birth Certificate or age declaration
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