What will happen when you retire after the two-pot retirement system is implemented?

At retirement, you will have access to the 3 different components:

Vested component: This component could consist of both a vested and a non-vested portion due to T-day rules. Options are as follows:

• Non-Vested: 1/3 can be taken in cash and 2/3 must be used to purchase an annuity for regular income.
• Vested: 100% can be taken in cash or used to purchase an annuity for regular income.

Savings component: members can take up to 100% cash or purchase an annuity for regular income.

Retirement component: 100% of the capital in the retirement pot must be used to purchase an annuity for regular income.