FAQs & Info

Q.Beneficiary Nomination Form

Each year, you are required to nominate the person/s who must be paid, in the event of your death prior to retirement at the age and while you are still in the service of the mine. The information provided in this form will be used to help the trustees of the Fund with the fair distribution among your dependants of the benefits payable on your death and used only a guideline as the trustees are required, in the event of your death, to distribute the benefits in accordance with the provisions of the Pension Funds Act.

Q. Benefit statements

Each year members will receive a benefit statement telling them how much they have contributed, and what their withdrawal, death and disability and retirement benefits amount to at the date of the statement. Members must check their details carefully and refer any queries or errors to the Human Resources Department.

Q. Withdrawals

If a member elects to take cash benefits on leaving the Fund, these benefits will be subject to tax in terms of the Income Tax Act. If a member elects to preserve his benefits, payment of tax can be deferred. Members are encouraged to seek professional advice from a properly accredited financial advisor, prior to the payment of a benefit from the Fund.

Q. Family Assistance Benefit

The Fund offers a Family Assistance Benefit (FAB) through its Group Risk Benefit service provider,Momentum, which can be accessed 24 hour/365 days a year that provides invaluable support to members during traumatic life events. The FAB provides help in many ways:

On Bereavement:

• Repatriation – to ensure the deceased is safely returned home for burial;
• Funeral assistance – to help with funeral arrangements for the deceased;
• Legal advice – in the form of legal assistance provided by admitted attorneys;
• Bereavement counselling – in the form of face-to-face counselling services for support and advice

On trauma such as rape, assault, etc.:

Trauma, assault and HIV counselling

Emergency Medical Services (EMS)

All these services are available to the member and immediate family including spouse, children parents and parents-in-law. In case of traumatic event, help can be reached on 086 166 6111 (Call Centre Number).