A new announcement from the Global Connect Pension Plan team has been published. It says that payments must be received by Monday 20 July otherwise money will be returned to the payment processor used.

Also, there is a cut-off date for receipt of signed agreements which is Monday 10 August. To be clear this only applies to the member agreement that needs to be downloaded from the site. The KYC documents will be handled by the representative bank so I assume that will follow up at a later date.

As a reminder policies cost $40 each and will provide a return of $72,000 for each. Currently you can get an additional policy for each two policies you purchase. Maximum number of policies per person is 6 (so you could end up with 9). In terms of age you need to be under 68 to be eligible.

So if Global Connect can enforce these deadlines it looks as though payments will start during the 4th quarter of 2009.

If you'd like to join Global Connect you will need to make a payment sooner rather than later. Payment can be made via Liberty Reserve or Perfect Money.