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Retirement Savings Benefit

It is unjustifiable to not save for retirement. Having that money handy, prepares members in case they retire earlier than expected. Everyone has the right to look forward to a happy and financially secured retirement after countless years of working. To be financially secured at retirement, members will need to save adequately in order to provide 2/3 of their last drawn salary to continue the same lifestyle they have become accustomed to.

At Koperasi NUCW, we mould a retirement savings scheme for our co-operative members and aims to ease members’ financial burdens after their retirements. With this designated scheme, members have the flexibility to save more and fast by increasing their monthly subscriptions at any time while enjoying the dividends. In addition, member’s savings are been monitoring and supervision by the Co-operative Societies Commission of Malaysia and Co-operative Societies Act 1993.

 
  • Monthly savings start as low as RM30.00 per month.
  • On members’ savings.
  • Offers flexibility to members by choosing to save more and fast by increasing their monthly subscriptions at any time.
  • Offers a safe and convenient way to members to save for their future retirement.
  • Cultivate the habit of thrift among members.
  • A much valued savings that will generate high annual dividends on accumulated funds in members’ accounts over the years.
  • Aims to ease members’ financial burdens after their retirements.
  • Helping members to enjoy other membership benefits while saving for their future retirements.
  • Management of members’ savings protected through monitoring and supervision by the Co-operative Societies Commission of Malaysia and Co-operative Societies Act 1993.
* Subject to Terms & Conditions.

A Sampel Savings + Dividends Simulation Table
 
Monthly Savings 5% 7%
  5 years 10 years 15 years 20 years 5 years 10 years 15 years 20 years
RM50
 
(3000) (6000) (9000) (12000) (3000) (6000) (9000) (12000)
3,481 7,924 13,595 20,832 3,802 9,387 17,595 29,654
RM100
 
(6000) (12000) (18000) (24000) (6000) (12000) (18000) (24000)
6,962 15,848 27,189 41,663 7,603 18,775 35,189 59,308
RM150
 
(9000) (18000) (27000) (36000) (9000) (18000) (27000) (36000)
10,443 23,772 40,784 62,495 11,405 28,162 52,784 88,961
RM200
 
(12000) (24000) (36000) (48000) (12000) (24000) (36000) (48000)
13,925 31,696 54,378 83,326 15,206 37,549 70,378 118,615
Sample Investment Growth

Application Form
 

[DOWNLOAD] MEMBERSHIP APPLICATION FORM

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 Inquiry - Retirement Savings Benefit