The answer has two faces, yes some will squander their money while others will set up SMEs that will generate income for them and boost the economy. Its very individualistic and hard to answer your question, but if you are asking me to decide i will take all the money and invest it myself.

i think its a good thing to allow individuals take their pension cash when they want...id rather work for a good 10-15 yrs (if the pay is good), make enough savings...top it up with the pension and start up my own venture...what good is money at the age of 60 when you aint gonna have the energy to reproduce it??

If am not wrong its 100% employee contribution and 50% employer contribution on resigning, the other 50% waits till you retire.

My opinion - it was not a very good move, that avenue should only have been opened for select cases like sickness etc.

A friend of mine argues that he can make better returns with that money than what his pension fund can do - buy land for speculation etc. Well, I would say that's a gamble that should not be played with money meant for old-age.

I thought I was the only one frustrated by the musical chairs and being tossed around.The amount to be acessed is 100% of employers contribution.

@ what has changed is ..u can now access your 100% contribution and 50% Employer contribution pap! na mara hiyo hiyo[within 30 days] you head to Reke Marie for "matumbo ya vili vili" even if u have worked for less than 3 years. dont think its smart coz the bala. of 50% can hardly maintain the sanity of a retired man and his newly found gashungwa!