The Members Retirement Savings Fund is a voluntary savings product that operates like a pension scheme, specially tailored for Trans Nation DT SACCO members. It is designed to help members build long-term financial security for retirement.
The product is primarily open to active (non-retired) members. However, retired members who wish to join may do so by specifying a maturity period of not less than three (3) years, after which the savings will be refunded.
Members can contribute a minimum of KShs. 300 per month, making it affordable and flexible for all income levels.
Access to the Fund
The accumulated savings are payable to a member:
- Upon retirement
- Upon loss of employment
- Upon maturity, in the case of retired members
In the event of death, the fund is paid to the nominated next of kin.
Benefits to Members
- The fund earns dividends, which are ploughed back to the fund to grow the savings
- Qualifies members for a Self-Guaranteed Tier II Loan
- Guaranteed payout upon retirement or maturity
- Earns a maturity bonus, calculated based on the number of years saved
- Provides financial comfort and peace of mind after retirement
- Encourages a disciplined saving culture in a simple and convenient way