JN Retirement Scheme
Eligibility
The scheme is eligible to:
- Persons over 18 and under the age of 64 years.
- Persons who are self employed
- Persons who are employed but not contributors to an approved superannuation fund or retirement scheme
- Residents in Jamaica
- Persons who are able to contribute a minimum of 5% of their Emoluments per annum
Features of JNRS
Member can choose the mix of funds that he or she wants to invest in:
- Diversified
- Equity
- Fixed Income
- Foreign Currency
- Access to fund status via online portal
- Access to funds if terminally or critically ill
- Access to benefits given to JN Group Members and through discount merchants who are a part of the JN Rewards Program
- Persons can contribute a maximum of 20 per cent of salary annually
Benefits
- Contributions are made from gross remuneration
- Funds earn compounding interest therefore fund grows faster than normal savings accounts
- Members are vested immediately
- Fund is personal and therefore moves with you despite change of employer
- Funds cannot be accessed by creditors
- Pension payments are guaranteed
