Benefits to Companies

Employers have a choice between sponsoring their own pension plan and joining the Retirement Scheme.

Staffing and Superannuation Fund sponsored by the company
 Signing Up with JMMB RS
  • Set up may also involve significant legal paper work and cost.
  • Lengthy wait for regulatory approvals
  • Trustees must make significant time commitment
  • Team of administrators, actuaries, consultants, accountants and auditors required
  • Significant operational and administrative cost to implement the pension scheme
 HASSLE FREE, NO COST Set Up
  • LIttle legal paper work
  • No trustees required
  • No need to hire a team of administrators, actuaries, consultant, accountants and auditors
Companies must contribute to pension plan With JMMB RS, the Company has the option to make contributions on the employees’ behalf

These contributions can be in any frequency and time frame suitable to the employer.
Vesting period (of usually 5 years) required Should the employer decide to contribute, the members are immediately vested with the employers portion
Companies do not always have ready access to the financial information for the members Online Access will be available for all contributing companies via the JMMB RS website.

 


How it works:


  • A maximum of 20% of your annual income is tax deductible under the new Pensions Laws. The employer can contribute a max of 10%, with the employee contributing a max of 10% as well.
  • Contributions will NOT be taxed.
  • Companies will be able to see the monthly contributions made for their staff members, as well as the contributions made by the company.
  • Statements will be available and other information will be available via the JMMB RS website.
  • Companies will have the option of having their company page customized with company logo and literature of company*


* Call us at 998-JMMB for details.