Dear Pension Fund Member
It is with great pleasure that I announce that we have put funeral cover in place for all employees participating in the UJ pension funds.
The funeral cover policy is effective from 1 July 2018 and covers you as well as your direct family members.
The funeral cover provided can be summarised 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
Should you become disabled, this cover will continue as long as you are a member of the pension fund.
The monthly premium is R 8.80 – this premium will be deducted from the contributions made to the pension fund.
In order to ensure that all the members of your direct family is covered, we request that you ensure that your nomination of beneficiary forms are up to date. These forms should reflect your spouse/partner as well as any children. Please remember that the Pension Fund Act deems your spouse and your children (irrespective of their age) as your legal dependants for the purposes of pension fund death benefits.
Please ensure that you provide your HR business partner with the details of your children and your spouse/partner (I.e. copies of birth certificates, marriage certificates / affidavits confirming relationships) – this will assist us to ensure that we have the relevant information for potential claims and rate review purposes.
Should you have any further queries regarding this policy please do not hesitate to contact me.
If you have any suggestion on other benefits the pension funds could consider offering their members – please share these with me.
Take care and as always I hope to hear from you soon!
Kind regards,
Evette