FREQUENTLY ASKED QUESTIONS

Q. Will my pension increase after I retire?

A. Pensions are reviewed yearly by the Trustees who depending on affordability will award an increase.

Q. What happens to my medical aid cover if I leave?

A. If you retire you will be able to continue contributing towards medical aid cover with the Fund paying the employer potion of those contributions. However such cover is not extended to those who resign or are discharged.

Q. How much do I get when I retire?

A. You will elect to receive a lumpsum amount and thereafter a monthly pension calculated using your age, service and salary. This amount varies from person to person and you can contact the Fund for a calculation result.

Q. Do I have a say in the running of the Fund?

A. Yes. By voting for member Trustees you are selecting your representatives who will administer the Fund on your behalf. It is up to you to monitor the performance of your representatives.

Q. Can I leave the Fund when I want to?

A. Once you become a member you cannot leave the Fund unless you do so as a recipient to a benefit payable on resignation or discharge. Retired persons continue to be members of the Fund.