
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