Retirement Fund (RF)

Retirement  Fund is an administered fund intended for the retirement of members that can be availed in a lump sum upon reaching of the mandatory age of 70 years old or optional retirement ages of 65, 66, 67, 68 or 69, provided that the member has at least five (5) years continuous membership with CARD MBA prior to retirement. An active member pays Php 5.00 weekly contributions until s/he reaches the retirement age. These contributions are being invested in high yielding investment instruments to assure members of their retirement pays.

If a member decides to resign from CARD MBA prior to age 70 or prior the optional retirement ages, a member shall be entitled to all total contributions made to Retirement Fund plus interest at a rate to be determined by the Board of Trustees in a quarterly basis but in no case less than the prevailing savings deposit rate of the commercial bank.