What if I continue to maintain my Annuity Savings Fund Account with the retirement system even though I have resigned from public service? Will interest still accrue on my account?
Your accumulated deductions will continue to earn interest after you resign. The interest that may be paid to you, if you later seek a refund, is limited to that which accrues during the first two years following your resignation. As in the cas with interest earned prior to withdrawal from public service, your date of employment and length of service will determine how much of the interest accrued during this two year period can be paid to you.
Related Questions
- What if I continue to maintain my Annuity Savings Fund Account with the retirement system even though I have resigned from public service? Will interest still accrue on my account?
- Does the amount of contributions and interest in a member’s annuity savings fund account affect overall retirement benefits?
- Which is better for investment purpose—a recurring account or a public provident fund (PPF) account?
