Frequently Asked Questions

Yes, You can make Additional Voluntary Contributions to your account via payroll deductions.

You can change your beneficiaries or investment selections online or by speaking to a CG specliast. Login and click on the desired tab, My Investment Options or My Personal Information, to make the changes.

The National Pension Scheme (Occupational Pensions) Act 1998 in Bermuda mandates the pension for all employees aged 23 and older, who are Bermudian or the spouse of a Bermudian, and work 720 hours in a calendar year. If you are a non-Bermudian and your employer provides the pension benefit to all employees, you may be required to enroll in a pension plan.

Yes, the Contributory Pension Fund (Social Insurance) is separate from the Occupational Pension.

The normal retirement age is 65. At this point you may elect to continue working and accruing benefits or terminate from the group plan and receive your pension funds through a Draw Down facility, or annuity.

See the section on Withdrawal Options.

Once you have enrolled and your first contribution has been received, you will receive your online account set up instructions. After setting up your account, you can view your information or make changes online.

You can view our various Fund Fact Sheets, as well as fund performance information on this website.