Employer participation matters
The scheme is voluntary for employers under the current system. Employees should confirm the enrolment date, fund and contribution records.
Pre-enrolment and post-enrolment service
Traditional gratuity accrued before the scheme start may need to be treated separately from contributions made after enrolment.
Account value is not a simple gratuity estimate
Investment returns, fees and actual account value can change the amount. Use the provider statement rather than predicting returns with a fixed formula.
Review contributions at exit
Compare the employer's contribution record, payroll basic wage and scheme statement. Confirm the withdrawal or continuation process with the provider.
Questions to ask HR or payroll
- When was I enrolled?
- Which fund or provider holds the account?
- What pre-scheme amount was preserved?
- Do payroll and scheme contributions match?
- What happens to the account when I leave?
Frequently asked questions
Is the federal Savings Scheme mandatory for every employer?
No. MOHRE describes it as a voluntary alternative system for participating employers.
Does the calculator predict investment returns?
It should not. Use the actual provider statement.
Do I lose pre-scheme gratuity?
Pre-enrolment accrued benefits require separate treatment under the scheme arrangements and employer records.
Official sources used
Rules can change and facts can be disputed. Review the source that applies to your jurisdiction and current circumstances.