A Comfortable Retirement
The IPS has been created as a supplement to the social security system to increase your wealth by providing you with an additional income during retirement.
You can participate in the IPS by acquiring a pension product from your choice of pension company.
You will become vested for retirement after staying in the system for at least 10 years and after attaining the age of 56.
You will have three different pension choices when you have become vested for retirement: You can receive your accumulations in a lump-sum payment or as part of a reimbursement plan according to your preferences; alternatively, you can purchase an annuity contract to receive a retirement pension or distribute the amount in your account between the stated choices.