Alice Ramos
Articles
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How often can I access my AVCs?
You can access your AVCs up to four times per calendar year for the permissible purposes.
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Do I need to repay AVCs that I withdraw?
No, there is no requirement to repay AVCs withdrawn for any of the outlined categories.
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How can I access AVCs for educational purposes?
To access AVCs for educational purposes, submit the following: Completed application form A letter of acceptance from the educational institution showing the cost and the person being enrolled For...
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How can I access AVCs for housing purposes?
You can access AVCs for various housing purposes. Here’s how: For purchasing or constructing a dwelling house: Submit a completed application form and a signed purchase agreement. If for construct...
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How can I access AVCs for temporary unemployment?
To access AVCs for temporary unemployment, submit the following: Completed application form by clicking here A dated termination letter from your most recent local employer (dated within the last ...
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How can I access AVCs for medical purposes?
To access AVCs for medical purposes, submit the following: Completed application form by clicking here A letter from your physician stating the procedure and its cost, confirming it is not electiv...
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What are the permissible purposes for accessing AVCs?
You can access your AVCs for the following purposes: Medical Purposes: For non-elective medical procedures not covered by your health insurance. Temporary Unemployment: After an initial three-mont...
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What are Additional Voluntary Contributions (AVCs)
Additional Voluntary Contributions (AVCs) are extra contributions you can make beyond the required contributions. Here’s what you need to know: Voluntary: AVCs are completely optional. Flexible Am...
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How to Submit Additional Voluntary Contributions (AVCs)
To make additional voluntary contributions (AVCs), follow these steps: Complete the Form: Fill out the required form by clicking here and return to your HR representative for process along with a ...
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What is considered as pensionable earnings?
Pensionable earnings include: Wages Salary Leave pay Fees Commissions Bonuses (if they are more than 20% of your basic wage or salary) Gratuities Pensionable earnings do not include: Severance p...