FUNERAL BENEFITS INCREASE FROM 1 MARCH 2016
Good news! With effect from 1 March 2016 the Fund’s funeral benefits increase – at no additional cost to members.
The funeral benefit is payable if you and/or any of your immediate family members die. All active members of the Fund and their immediate family members are covered by this benefit provided contributions and premiums are up to date. Part of the money your employer contributes every month pays for this benefit.
| Current Benefit | New benefit from 1 March 2016 |
|
| Principle Member | R20 000 | R30 000 |
| Spouse | R20 000 | R30 000 |
| Children:
Age 14-21 |
R15 000 |
R20 000 |
| Age 6-13 | R10 000 | R10 000 |
| Age 1-5 | R5000 | R7000 |
| Age 0-11 months | R2500 | R4000 |
| Stillborn | R2000 | R3000 |
| Monthly premium deducted from the employer contribution | R26.50 | R26.50 |