OVERVIEW
Pension Overview for South Africa
Scheme Overview
Dow Jones is a Participating Employer in the FundsAtWork Umbrella Pension Fund sponsored by Momentum. Risk benefits form part of the benefit structure of the Pension Fund.
Scheme Provider: Momentum
Eligibility: All permanently employed employees.
Contribution Rates
It is compulsory for all new employees to join the Pension Fund in their first month of employment.
- Member Contribution: 6% of Declared Pension Salary;
- Employer Contribution: 10% of Declared Pension Salary.
Pensionable salary is defined as Basic Annual Salary.