Overview

 

BENEFITS PAYABLE BY THE FUND

The Local Authorities Superannuation Fund (LASF) Scheme is a “defined benefit scheme” where all benefits payable are based on a defined formula prescribed by the LASF Act.

The benefits offered by LASF are derived from the following categories of employment termination as classified below:

   RETIREMENT BENEFITS↓

·       Retirement due to age (Section 26 )

·       Retirement due to ill health (Section 27)

·       Retirement due to re-organisation ( Section 28)

Other Lump sums

·       Lump sum where annuity not payable

·       Dismissal (Section 32)

·       Discharge and Resignation (Section 33)

Death Benefits