Introduction

NIT Income Payment Plan and NIT Islamic Income Payment Plan offered by National Investment Trust Limited (Pension Fund Manager) to the participants of NIT Pension Fund and NIT Islamic Pension Fund or any other approved pension fund, effective at the retirement of participants. These Plans intend to provide participants a combination of a) monthly income stream and b) growth in savings, from outstanding balance in his/her individual pension account on retirement.

NIT Income Payment Plan and NIT Islamic Income Payment Plan comprises of 2 sub-plans; a) NIT Monthly Income Payment Plan (NITMIPP) (monthly pension) and b) NIT Growth Sub-plan (NITGP), wherein the percentage allocation between the two sub-plans will be determined by the retirees as per their retirement age, risk appetite and other circumstances. The monthly pension under NITMIPP commences from the very next month of participant’s chosen retirement date for up to 15 years, or as allowed under the VPS Rules from time to time.

FEATURES OF THE INCOME PAYMENT PLANS

• Retirement Benefit
• Risk diversification
• Competitive Returns
• No front Load on transfer of funds
• No penalty on withdrawal except for the tax (if applicable)
• Conventional and Shariah Compliant option available
• Option to choose Monthly Income Payment Plan or Growth Sub plan

1. Supplementary Offering Document of NIT-Income Payment Plan under NIT Pension Fund

2. Supplementary Offering Document of NIT-Islamic Income Payment Plan under NIT Islamic Pension Fund