UMMA Retirement Product

The UMMA Retirement Plan/product is a voluntary savings retirement scheme option for our Public Sector members who upon retirement OR end of a 3 years minimum saving period can access their contributions with accumulated interest for their personal development use and will include:

• Members/sponsors willing to join the statutory contribution scheme, rates will be as per terms and conditions of service of the employer.
• Employer will sign MOUs with LAPFUND on behalf of their employees for the group pension plans.
• Individual pension plan agreement will be between the willing member and LAPFUND
• The proposed contribution for voluntary pension plan is a minimum of Ksh 1000 per month paid
• directly to the MPESA paybill number OR direct deposits to our bank account
• Interest declared will be calculated on a monthly pro-rated basis.
• Benefits can be accessed after 3 years

There will be increased benefits of saving for members who save for longer period.

• Benefits will be paid within 5 working days of claiming through Cheque/Mobile banking /EFT/RTGS/ SACCOs.
• Upon registration every new member will receive a LAPFUND membership card