A prospective retiree is engaged by our PFA within 6 months of retirement notification. The retiree would be enlightened on the key documentation required to ensure a smooth and timely processing of his/her Benefit Payment at the point of retirement.
The interaction with the PFA is crucial as the prospective retiree reviews the entire process with our Customer Care Representative. The essence of the mode of withdrawal template and its effectiveness in determining at the long run what is due to the retiree in terms of his Lumpsum/monthly draw down is discussed adequately. The Annuity option with an insurance company is discussed as well.
This step-by-step explanation will equip the prospective retiree with knowledge of the benefit payment process. On attainment of retirement he/she is already aware of the documentations and actions to take to access the retirement funds.