Benevolent Fund Scheme

The Benevolent Fund Scheme was the first contributory welfare programme designed by the NAF in 1982. The payable amount was reviewed by the Foundation in May 08 to meet the realities of time.

Thus, the revised Benevolent Fund Scheme commenced in Jun 08 with a 2% percent deduction from personnel monthly salary as contribution to the scheme. In the new scheme, retiring contributors are entitled to the refund of their contribution with 5 percent compound interest rate. The same condition also applies to deceased personnel. The benefit payable to families of bereaved personnel was also reviewed in order to sustain the accomplishment of the objective of the scheme.