I am seeking information regarding the structure and benefits of the MCB Retirement Plan, particularly from a technical and comparative perspective. Specifically, I am interested in the following aspects:
- What are the eligibility requirements, vesting schedules, and contribution mechanisms (both employer and employee) for the MCB Retirement Plan?
- How does the investment strategy within the plan operate (e.g., default funds, member-directed choices, risk profiles)?
- Are there unique features, such as matching contributions, profit-sharing provisions, or defined benifit guarantees?
- How does the MCB Retirement Plan compare to standard retirement offerings in the region, such as provident funds, gratuity schemes, or voluntary pension schemes in terms of tax efficiency, payout structure, and portability?
If anyone has official documentation or first-hand analytical experience with the MCB Retirement Plan, insights would be greatly appreciated for benchmarking against best practices in retirement planning.
