Your retirement is an important milestone in your life. Most people hope to be able to maintain a reasonable lifestyle in their "golden years". The purpose of this guide is to assist you in investing the money you receive from the Political Office-Bearers Pension Fund prudently.

If you are retiring soon, the Fund will inform you of the total amount of your retirement benefit. Once you receive this, you will need to contact your administrator who will supply you with an option form. You will be required to complete this option form so that the administrator is aware of the option you have exercised.

On receiving this information, the two most important questions you probably have are:

  • How should I invest my retirement money?
  • What amount of monthly income can I expect to get from this investment?


If you are typical of most pensioners, your retirement needs (including those of your immediate family and dependants) can be split as:

  • Your basic needs; and
  • Your luxury needs.

Basic needs

This is the minimum income that you and your dependants would require in your retirement to retain your basic quality of life.

Your basic needs typically include the money you need for:

  • Accommodation, e.g. existing bond repayments and / or rental payments;
  • Food for you and your family;
  • Clothes;
  • Medical expenses; and
  • Transport.

Luxury needs

This refers to additional needs (above the basic needs) that would have to be met in order to provide you with a good standard of living, similar to the standard of living that you were enjoying before retirement. You should decide for yourself what level of income you need to cover your basic needs, and then what additional income would be necessary to provide for a comfortable standard of living above the basic level.

Legal Disclaimer

The information contained in this guide does not constitute advice by the Board of Trustees or by its advisors. If you need more information on how you can invest your retirement benefit, you should seek professional advice from a licensed financial advisor