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DEATH & DISABILITY BENEFITS

Death Benefit

Should you die in service, your member share as at date of death is payable by the Fund. This is separate from any benefit you may receive from the Optional Insured Death Benefit. The Board of Trustees has a duty to ensure that your Fund death benefit is distributed fairly and equitably between your financial dependants and/or nominees in terms of section 37C of the Pension Funds Act, no 24 of 1956. Your Retirement Fund beneficiary nomination form and last Will and Testament serves as an important guideline to the Trustees to identify your dependants and/or nominees. This enables them to make informed decisions ensuring your dependants are provided for. Please ensure that you update your Retirement Fund beneficiary nomination form on a regular basis.

Watch our webinar - What happens to my retirement benefit when I die

Disability Benefit


There are two different benefits payable if you are accepted for disability depending on whether or not you elected the Optional Income Disability Benefit

Benefit

A

Benefit

B

If you selected not to have Optional Insured Disability Benefit

Your member share is paid, and you will no longer be a member of the fund

If you selected to have Optional Insured Disability Benefit


You will remain a Member of the Fund and receive the benefit as described under Optional Insured Disability Benefits

You must be in it to win

On page 3 of the December 2022 Member Newsletter, we announced a competition, where you could win a prize.

All you need to do is have your photo taken next to the Fund’s calendar and/or poster and send it to us. The competition closes on Tuesday, 31 January 2023.

Please send the photo to:

Email: [email protected]

WhatsApp: 081 778 0923

When sending in the photo, please tell us your name, your pension number or identity number and which municipality you work at. Please note that subject to the discretion of the Fund, all or some of the pictures submitted, may be published on the Funds’ website and/or on the Funds’ Facebook page.

Hurry to enter the competition, your photo could win the prize!