Unified Councils Pension Fund is a member-owned Fund established in 1975 due to the Government’s initiative to cater to employees in the quasi-government sector, thus former Provincial Authorities, Central Rates Fund, African Councils, and Townships. The Association of Rural District Councils (ARDCZ) 1982 replaced the African Councils and became the mother body running the affairs of the Fund whilst Old Mutual was still the Administrator (It was then the Agent Administered Pension Fund)
In 1998, The Board of Trustees (BOT) was set up and it envisaged for the Fund to be self-administered by the 1st of January 2004. The primary objective of the fund is the provision of a pension that maintains or results in the betterment of the former employee’s life, provides hope and livelihood for the widows and dependents as well an income for old age. The Fund’s clientele coverage lies in the Rural District Councils (RDCs), Hospitals, Schools, and Urban Councils.
We pride ourselves in the provision of innovative and sustainable employee benefits.
Members may opt for normal retirement, early retirement and late retirement. A pension shall become payable to a member on retirement at the normal retirement age of 60 years. Members may retire early, that is before reaching the normal retirement age of 60, at the age of 55 years.
These benefits apply to members who resign or are discharged from their employers. Members are paid a lump sum of the accumulated contributions and the balance from the member contributions will be preserved until the member reaches retirement age.
If a member dies in service, In order to cushion the beneficiaries in, Death benefits are payable to the beneficiaries of the deceased member. Currently the lump sum death Benefits Equals to three times annual salary.
Unclaimed benefits are benefits where claims have been received but without the full information/documents required for the claim to be processed.