Where does my money go each month?

The money that you and your employer deposit into your pension is called your basic or mandatory contribution. When you are a member of the Chamber Pension Plan, the contribution automatically gets deposited into an account in your name and then it’s invested into one of our plan Lifecycle funds. Which fund your money gets deposited into depends on how old you are when you join the Plan. Your contributions will continue to be placed into this account until you retire, or elect to transfer your assets, if you are eligible.


Your money is invested over time, with the mix of investments reflecting how long you have until you reach the normal age of pension entitlement according to the National Pensions Law.


Lifecycle funds are useful tools for pension funds because they take guesswork out of investing, automatically adjusting the allocation of assets to reflect your evolving investment needs and goals.