the sponsoring employer, the Government of Lesotho,
and its employees, qualifying public officers. These
contributions, calculated as a percentage of the
employee’s monthly salary, are set aside for future
retirement benefits.
portfolio of assets, including money market instruments,
equity, bonds, property, and other financial instruments.
The primary objective is to generate returns and grow the
fund’s value over time to meet Members’ future pension
obligations.
the submission of a claim on behalf of the Member or
their nominated beneficiary(ies) to the Fund for the
Member’s accrued benefits. Following the submission,
the Fund shall subsequently disburse the accrued
benefits to the Member or their beneficiary(ies).
the Fund provides retirement benefits in the form
of a lump sum commutation of a percentage of a
Member’s accumulated Fund credit, as well as a
monthly pension income in a form of an annuity.
exits the pension fund before reaching their retirement
age. This may occur due to various reasons such as
resignation or dismissal. The benefit provides for a lump sum
payout or a transfer to another recognised pension fund.
Fund that are intended to provide financial support
to a Member or his/her beneficiaries in the event of
an unforeseen adverse event such as permanent
disability or death of the Member.
Options
which provides regular pension income to the Member
until their passing, or a joint life annuity, which offers
the added benefit of continued pension income to their
spouse after the Member’s death.
determined by the Member on inception of the Annuity.
This is the initial period (5 years, 10 years or 15 years) for
which the annuity is guaranteed to be paid regardless of
whether or not the Member dies during that specific period.
by the Member on inception of the Annuity. Upon death of
the Member, this provision determines the percentage
(50%, 75% or 100%) of the Member’s pension that the
surviving spouse will receive for the remainder of their life.
GET TO KNOW US
The Public Officers’ Defined Contribution Pension Fund has been established under The Public Officers’ Defined Contribution Pension Fund Act of 2008. It is managed by a Board of Trustees that is appointed by The Minister responsible for Finance in consultation with the Minister responsible for Public Service according to section 6(2) of the Act.
The fund provides retirement benefits and related matters to permanent and pensionable Public Officers
All employees who fall within the categories as defined in terms of Act
FUND BENEFITS
Resignation Benefit
Disability Benefit
Death Benefit
"Which benefits are payable if I die?"
If you die whilst employed by government, cash lump sum benefit will be paid. The cash lump sum benefit will be your fund credit
Retirement Benefit
This benefit is for people who retire early, during the prescribed retirement age and also those who retire when they are disabled or sick
Retrenchment Benefit
If you are retrenched for any reason before you reach the prescribed retirement age, you will be entitled to a cash lump sum benefit equal to your fund credit,