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Retirement Savings Plan (CRSP)
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Who is eligible?
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Premium:
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Members and non members between the ages 18 to 65
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Premiums are to be paid monthly at a Minimum of one hundred dollars ($100.00) per month. Lump sum payments can be accepted. |
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Duration of CRSP:
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Interest Rate:
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| The Duration of CRSP is dtermined by the Applicants. |
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Interest on the CRSP will be at 5% for the first five years, and will be reviewed annually, thereafter. Interest will be compounded quarterly and credited to the fund. |
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Benefits on Maturity:
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Death Benefits:
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| The CRSP applicant decides on how the benefits will be paid. |
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Collateral:
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Other Consideration:
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| The CRSP may be used as collateral for the acquisition of Real Estate only. |
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CRSP funds are expected to remain in the plan maturity.
Your birth certificate must be presented upon application. |
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