The contributions that your employer make to the University of the Witwatersrand Retirement Fund are invested for your retirement. Investments are an important part of the retirement Fund because your retirement benefit depends on the amount of money that is contributed and the investment earnings on these contributions, which is directly related to market performance.

Switches are allowed to and from any of the portfolios on an annual basis at any time of the year. Only one switch per calendar year is allowed and multiple portfolios is allowed. You may choose any of the portfolios even though they were designed for members of a certain age/term to retirement age (or religious belief).

It is recommended that you liaise with an accredited financial advisor before switching into a portfolio/s of your choice.

The booklet will provide you with the following information:

• The basics of making an investment choice
• What are your choices?
• Can I switch between the portfolios?
• How is my benefit calculated?
• Published Investment Returns vs. Actual Returns received
• Definitions
• Investment Portfolios