Receipt of Information and Benefits from the Employer

As a member of an ORSO Scheme, you have the statutory right to seek information about your scheme from your employer or a designated person, and to take certain steps to protect your interests. These include the rights:

• To receive information on the criteria and conditions of membership, how contributions are calculated,what benefits are payable, and the conditions for payment.
  

• To obtain, through the consultative committee, a copy each of the updated scheme instruments, the latest audited accounts and report of the scheme, and the most recent actuarial certificate relating to the scheme, if any; or to inspect these documents if no consultative committee has been formed.

• To receive an annual statement of your vested benefits and the benefits you're expected to receive upon retirement in respect of qualifying service already rendered, within six months after the end of the scheme's financial year.

• To form a consultative committee, provided that the scheme has more than 20 members and the majority of the scheme members agree to its formation.

• To be informed about any amendments made to the scheme.

• To request information on the aggregate market value of the scheme's total assets and particulars of certain investments of the scheme.

• To elect to have your vested benefits paid to you if your accrued rights or vested benefits under the scheme are altered to your detriment, even if the alteration is consented to by not less than 90% of the members of the scheme.

• Where you leave employment, to request the particulars of your benefits under the scheme which must be provided by the employer within three months after the termination of your employment.

• To be informed about the termination of the scheme within 14 days of the commencement of the termination process.

• Where the MPFA cancels the registration of the scheme, to apply to the court for the winding up of the scheme.