Between one and five years After five years Reserve accounts Employer protection Contingency Investment Other reserve reserve reserve Risk reserve reserves N$ N$ N$ N$ N$ At beginning of period Employer surplus apportionment Member surplus apportionment Benefit enhancement current members – Transfer between reserve accounts Return on investment Benefit enhancement pensioners – Contribution holiday after surplus – apportionment Contribution holiday before surplus – apportionment At end of period
Between one and five years After five years Reserve accounts Employer protection reserve N$ Contingency reserve N$ Investment reserve N$ Risk reserve N$ Other reserves N$ At beginning of period Employer surplus apportionment Member surplus apportionment Benefit enhancement – current members Transfer between reserve accounts Return on investment Benefit enhancement – pensioners Contribution holiday – after surplus apportionment Contribution holiday – before surplus apportionment At end of period