Provident and Retirement Fund

Provident and Retirement Fund

A Retirement Fund is a corporate trust arrangement with private employees for the accumulation of a tax-exempt trust fund that will provide for the payment of retirement benefits to qualified employees in accordance with law.

 

Features and Benefits

  • Tailor-made retirement plan
  • Reduces corporate taxes
  • Tax exemption benefit to employees and investment
  • Assist employers from one-time retirement pay
  • Improve employee morale
  • Fund management expertise
  • Administration of retirement plan
  • Disbursement of retirement benefits to retiring employees
  • Compliance with government regulations

Eligibility

  • Available to corporations/companies with a minimum of 10 employees

Requirements

  • Articles of Incorporation
  • By-Laws
  • General Information Sheet
  • Board Resolution to open an account with PBCOM Trust
  • Government-issued ID
  • PBCOM Savings/Checking Account (Settlement Account)
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