👴 Pension & Retirement
The ÷160 pension formula, retirement benefits, and loans.
Guides
Complete Guide to SSF Pension and Retirement Benefits
A contributor who reaches 60 years of age and has contributed for at least 180 months (15 years) receives a lifelong monthly pension — formula: (total amount in the pension account + investment returns) ÷ 160. The Retirement Benefit Scheme amount (8.33%) is paid as a lump sum when employment ends or at retirement.
What happens to your SSF contribution after you leave a job?
The Retirement Benefit Scheme amount (8.33% + voluntary additions + transferred amounts) is paid as a lump sum when employment ends. The Pension Scheme amount (20%) comes as a monthly pension after age 60. If you join a new SSF-registered employer, contributions continue on the same SSN.
Complete Guide to SSF Loans — Home, Education, and Special Loans
Contributors with 36 months (3 years) of contributions can borrow directly from SSF: a home loan up to Rs. 7.5 million (20 years), an education loan up to Rs. 3.5 million (15 years), and a collateral-free special loan — up to 80% of your Retirement Benefit balance, applied for online and often received within 24 hours.
FAQ
- ❓ What happens to your SSF money after you leave a job?
- ❓ When do you receive a pension from SSF?
- ❓ How to take a loan from SSF?
- ❓ Can someone receiving a government pension also get an SSF pension?
- ❓ What happens to contributions if you keep working after 60?
- ❓ Can you voluntarily deposit more than the prescribed amount?