As a member of the LA Retirement Fund, you get to choose the amount of funeral cover you, your spouse and your qualifying children need. There are three options available to you, all at an extremely competitive monthly premium. The three options are.

It is important that you make the right choice as you will not be able to change your selection at any later stage. If you do not select an option on becoming a member the default option (Option 1) will be applied.
The funeral benefit includes a repatriation benefit which means that the body of the insured will be transported, at no cost, to their place of burial to anywhere inside the borders of South Africa.
Three important definitions
Still bornA child is classified as still born if the child is at least 26 weeks from gestation.
Qualifying child

Qualifying child means a child who is unmarried, under 21, if the child is 21 years or older but under the age of 26 years, such child is a full-time student at an educational institution, meaning that he/she must be enrolled for at least 75% of the standard course load of a course that is normally done on a full-time basis, and that he/she must actively participate in such course.

A child

A Child includes:

a legally adopted child,

a stepchild ,

a foster-child,

and a posthumous child.

When and to whom is a benefit paid?
In the event of the death of one of your insured immediate family members, the funeral benefit will be paid directly into your bank account. However, in the event of your death, the insured funeral benefit is paid directly to whomever you have nominated to receive the benefit when you complete your funeral benefit beneficiary nomination form. Always ensure that the details on your funeral benefit beneficiary nomination form are updated as and when your personal circumstances change as this benefit is paid strictly in accordance with your wishes.
In terms of legislation if you have not submitted a funeral beneficiary nomination form, the benefit must be paid to your estate. This could result in financial hardship for your family as they may find themselves unable to finance the cost of the funeral as the payment of the insurance proceeds will have to await the lengthy processes involved in winding up an estate. If there is no Will, the process could be delayed even further!
• Beneficiaries must be 18 years of age or older.
• If you are in a co-habiting relationship, your partner can only be listed if neither you nor your partner are married.
• If you are married to two or more people, qualifying spouse shall mean:
   – Only the spouse you have confirmed in writing or
   – In the case of multiple confirmations, only the spouse with whom you joined in marriage first.
• Once a spouse has been confirmed, the confirmation remains in force for as long as you are married to the listed spouse.
Should your nominated beneficiaries predecease you, the funeral benefit will be paid to your estate, therefore it is imperative that you keep your funeral beneficiary nomination form up to date.
The funeral benefit is paid within 48 hours after the Fund receives a completed claim form and all other required documents.

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!