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Is there legislation that will influence the payment of my retirement benefit?

Recent changes to legislation (i.e. the amended Regulations issued in terms of the Pension Funds Act) requires pension and provident funds to offer members that retire from employment the following:

  1. An annuity strategy available that is suitable for most retiring members of the fund.
  2. Give you access to a counselling service that will provide information to assist you with making an informed decision on what to do with your benefit when you retire.

Important note:

You should contact your fund/HR department for the details of your fund’s annuity strategy and retirement benefits counselling service.   Use the information to make an informed decision about your retirement benefit payable from the fund.

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