Pensions Termination Options for Members & Individuals | Argus Insurance - Argus Bermuda
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Retirement Benefits
Setup a Retirement Annuity or Drawdown with Argus
Transfer to an Approved Prescribed Retirement Product (PRP)
Transfer your pension funds to an approved PRP, which is a personal pension plan, such as the Argus Individual Retirement Plan.
Transfer to New Employer’s Pension Plan
You also have the option to transfer your pension funds to your new employer’s pension plan.
Transfer to Overseas Retirement Plan
Transfer your funds to an Overseas Prescribed Retirement Product subject to the Pension Commission’s guidelines. Requests received by the Pension Commission will be reviewed on a case by case basis.
Cash Payment
Cash payments are limited according to your policy. Rules and restrictions may apply.