Midterm Benefit

Paid to a member who is 45 years of age and above and who has made contributions for at least 10 years or a member with a disability who is 40 years of age and above; and has made contributions for at least 10 years.

Requirements

A member who has made contributions to the Fund shall be allowed midterm access to his or her benefits accrued from the contributions under the regulations below:

A member who is forty-five years of age and above and who has made contributions to the Fund under section 7 of the Act for at least 10 years, is eligible to midterm access to his or her benefits, of a sum not exceeding 20 percent of his or her accrued benefits.

A member who:

• Is a person with a disability
• Is forty years of age and above; and
• Has made contributions to the fund under section 7 of the Act for at least ten years, is eligible to midterm access, of a sum of 50 per cent of his or her accrued benefits.