BENEFITS FOR SERVING MEMBERS OF THE ARMED FORCES
Lump Sum Withdrawal Inclusive Of Dividends and Bonuses
Compulsory non-pensionable contributor receives his retirement benefit in the form of a lump sum payment inclusive of government contributions and cumulative yearly dividends and bonuses when he passes away (next-of-kin), retires or is discharged from service, or attains the age of 50.
Compulsory contributor who is pensionable receives his retirement benefit in the form of lump sum payment of only his portion of contribution together with the cumulative yearly dividends and bonuses when he passes away (next-of-kin), retires or is discharged from service, or attains the age of 50. The government portion is remitted to Retirement Fund Incorporated or KWAP for payment as monthly pension.
Voluntary contributor may withdraw his saving at any time and is allowed to be contributor for the second time after his first withdrawal.
From time to time, LTAT also distributes special bonus in the form of free unit trust shares to its contributors. However, this special bonus is distributed based on LTAT’s current financial performance.
Death and Disablement Benefits Scheme
All contributors are automatically covered under the LTAT Death and Disablement Benefits Scheme. This scheme is designed to provide the contributors with a fair sum of money upon discharge from service due to infirmity of mind or body, or the next-of-kin upon death while in service.
Partial Withdrawal to Purchase a House
A contributor is allowed to withdraw not more than 40% of his contribution or 10% of the cost of the immovable property whichever is lower, to purchase a first residential house or land for building a house.
BENEFITS FOR THE RETIRING AND RETIRED MEMBERS OF THE ARMED FORCES
Retraining Program for the Retiring and Retired Members
LTAT offers various training programs to retiring and retired members of the armed forces to prepare them for a second career through Perbadanan Hal Ehwal Bekas Angkatan Tentera or PERHEBAT, a wholly-owned corporation of LTAT which was established in 1994.