18 Jul What happens to my funds if I have not decided what to do with my benefits?
A pension fund or provident default fund allows the member to leave their accumulated retirement savings in the fund as a paid-up member until the fund administrator is instructed to pay-out or have the benefit transferred.
The fund administrator will give you a paid-up membership certificate within two calendar months of being notified that you are no longer employed by your employer.
To safeguard your interests, there are several important and binding Acts and Regulations which legislate the way that Salt Employee Benefits and your Employer manage and process claims. When completing a claim document, ask your HR department to assist you to complete the forms correctly and answer your questions. We also have a client contact service to assist you further.