As of 1 July 2018, our pension fund will no longer service EY and HVG Law’s pension scheme. The employer has not been paying the premiums to our pension fund since that date and since then, Ernst & Young Pension Fund has been operating as a closed pension fund.
Since the closure, you can no longer accrue a pension with Ernst & Young Pension Fund. The pension that has already been accrued with Ernst & Young Pension Fund will remain in place and when you retire we will pay this pension for as long as you live.
If you are still employed by EY or HVG Law, you will have been accruing a pension at Cappital since 1 July 2018.
If you start working somewhere else and join another pension scheme, you can opt to take the pension that you have accrued with Ernst & Young Pension Fund with you to the new pension fund. This is called a value transfer. Arrange the value transfer through your new pension provider.
The pension scheme at Cappital goes through the employer and not through the pension fund. So if you have any questions about the pension scheme you can contact Cappital direct. If you have any questions about the old pension scheme you can contact the pension desk on 088 407 9908 or at email@example.com.