Dear Pension Fund Member
Attached, please find our annual Trustee Report for the University of Johannesburg Pension Fund.
Should you have any queries regarding this report, please do not hesitate to contact me.
Tax season has also opened on 1 July. I remind you that your pension fund contributions are included on your IRP5 from the University as this is a deduction made from your salary. Should you have a personal retirement annuity, you will have to obtain a contribution certificate from the Insurer with whom you have signed your retirement annuity contract.
We have also been receiving many completed nomination of beneficiary forms – for all of you who have been updating your details – Thank you!
I also remind you that as a member of the Fund your now also qualify for funeral benefits. These benefits are as follows:
Cover
Member R 20 000.00
Insured Spouse / Partner R 20 000.00
Child older than age 14* R 20 000.00
Child older than age 6 but under age 14 R 10 000.00
Child older than age 2 but under age 6 R 10 000.00
Child under age 2 R 10 000.00
Stillborn baby R 10 000.00
*With regard to children, please note that we will cover children up to age 25 if they are registered for full time education and therefore fully financially dependent upon you.
Unfortunately the policy will not cover extended family members.
I trust that you will remain warm in the cold weather – spring is almost around the corner!
Take care and if you have any pension related queries – please do not hesitate to contact me.
Kind regards,
Evette
UJPF – 31 December 2017 Trustee Report-FINAL