It is never too early to save extra for retirement, and AFPS15 makes it easy for you to improve your pension by purchasing Added Pension. So each day this week we give you answers to some common questions about the Added Pension provision under AFPS15.
Today's question is...
Q. What does it enhance?
A. That is up to you. Contributions can either boost just the member’s pension or those of their dependants too. Obviously, if it is to boost the member’s pension AND those of his or her dependants, the cost will be greater as more is being enhanced. Whichever is chosen, the cost can be met by instalments or as a single lump sum.
Check back tomorrow for the next question in this Q&A series