At retirement, whether normal, early or late, the accumulated value of your IRS fund will be used to purchase an annuity. You may decide to receive a portion of the accumulated value of your fund as a single tax free lump sum and the remaining amount as a reduced annuity. The maximum lump sum payment shall not exceed the amount as stipulated by Law

Yes, Employees who no longer work for a company which has a Superannuation Fund may transfer their funds to the JN Individual Retirement Scheme. Self-employed and employed persons may also transfer funds from an approved Individual Retirement Scheme to the JN Individual Retirement Scheme.

Yes. Contributions can be made by employers on behalf of employees; however, it is not mandatory that they do so.

A statement will be sent to members once per year outlining the accumulated value of your contributions. This statement may also be viewed online at any time.

Currently, the normal retirement age based on the JNIRS Master Trust Deed and Rules is 65 years. However, you have the flexibility to retire before normal retirement (early retirement) and after normal retirement (late retirement) as permitted by Law.