Changes to Pensioner Benefits

The CINSF would like to advise members of the changes to the Pensioner Benefits that will come into effect from 1 April 2021.

Pensioner Withdrawal Limit

The pension withdrawal limit is changing from $15,000 to $45,000 for all new pensioners.

Existing pensioners whose balance, at their retirement claim date, was $45,000 or less are also eligible to claim their remaining balance.

Any pensioner claims require an application form to be completed and the signing of a declaration acknowledging that they understand they are waiving their rights to their pension for life benefit.

Pensioner Terminal Illness

A pensioner that is diagnosed with a terminal illness will, subject to meeting claim requirements and having the claim approved by the Trustee, be eligible for a full withdrawal of their remaining CINSF pension account. If the claim is approved, the pensioner will no longer be eligible for a pension for life benefit

For more information, or to find out if you are eligible, please contact our client services team at the CINSF on email or phone 25515 or visit our office.

Te vaitata ai nei koe i te koi moni pakari. Taniuniu mai ia matou +682 25515