FOR CLAIMS, PLEASE CONTACT YOUR HR
FOR GENERAL ENQUIRIES, CONTACT US ON:
- Tel: +27 (0)10 100 3000
- E-mail: clientservices@mineworkers.co.za
- TO CHECK YOUR CLAIM STATUS OR BENEFIT STATEMENT
What should the family do?
A cash lump sum will be allocated to your dependants, in terms of Section 37(C) of the Pension Funds Act.
The benefit will be as follows:
Documents required:
For children not using the deceased surname:
The benefit payable is as follows:
If you die, your next of kin or spouse must report your death to your employer’s Human Resources office. When reporting your death your spouse or next of kin should bring along a certified copy of your death certificate and your identity document. This will ensure that the Process of paying the funeral benefit is done as soon as possible and that the death benefit claim from the Fund is initiated. There are many documents that need to be submitted, the sooner this is done the sooner your benefits can be paid.
Summary of claims process :
The claims process:
If you satisfy the Trustees that:
Your Fund Credit will be:
Documents required:
Summary of claims process :
The claims process:
If you satisfy the Trustees that:
The following benefits will be payable:
What is the employee’s responsibility?
Documents required:
For most people retirement is a major event in their lives and while some people may dread the prospect we believe with proper planning your retirement can be an eagerly anticipated event. The retirement process can be daunting and a fair amount of work is needed to process a retirement claim. Make sure that you start the process early to avoid any unnecessary delays. You must apply for payment of you retirement benefit by completing the application form before the Fund will proceed with the processing of your claim.
When can you retire?
Anytime between age 50 and 60 for underground members and 53 and 63 for surface members; Anytime if disabled due to accident or illness, if the Trustees are satisfied that you can no longer perform your duties or any other duties in the category of work in which you were employed for.
What do you receive on retirement?
Your Fund Credit:
Documents required:
Funeral Benefit:
Members who retire continue to be covered for the funeral benefit when they die. Please insist on your funeral paid up – Certificate from your Employer before leaving the service. Housing Guarantees and Divorce Orders If you have a Housing Guarantee provided by the Fund, the outstanding value of the guarantee will be settled before any part of the benefit is paid to you. You are liable for the income tax that must be paid as a result of the settlement of the housing guarantee. Thus, if you elect to purchase a pension, the value of the outstanding housing loan will be deducted from your benefit before the balance is transferred. If there is a Divorce Order against part of your benefit in the Fund, the Fund is obliged to settle the value of the Divorce Order before paying any benefits to you. Thus, if you elect to purchase a pension, the value of the divorce agreement will be deducted from your benefit before the balance is transferred.
Summary of claims process:
The claims process:
Should you resign or be dismissed, you will have the option to receive a cash lump sum equal to your Fund Credit.
Your Fund Credit will be:
Retrenchment:
Payment options
You may take your full fund credit in cash, just remember that you will pay tax on a portion of the money.
OR
You may transfer your full benefit to an approved provident fund or retirement annuity fund tax free.
OR
You may transfer your benefit to an approved preservation fund, which is subject to the requirements of the revenue authorities.
OR
The Rules of the Fund provides for members to defer their benefits until retirement age on resignation, dismissal and retrenchment.
The following will apply to a deferred benefit:
Documents required:
Summary of claims process:
The claims process: