Statistics Act, 1999
R 385
Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Metal and Engineering IndustriesExtension to Non-parties of the Consolidated Pension Fund Collective Amending AgreementAnnexuresAnnexure A: Pension Fund Agreement |
ANNEXURE A
PENSION FUND AGREEMENT
(Form to be completed by employer and handed to members of the Engineering Industries Pension Fund on termination of employment)
Member's Rights to Benefits
| 1. | A lump sum benefit on retirement at the age of 65 or later, or on early retirement from the age of 55 up to 65. |
| 2. | A permanent disability benefit owing to permanent disability / incapacity in terms of the rules of the Pension Fund and rules of the Permanent Disability Scheme. |
| 3. | Death benefits: A lump sum benefit as if the member had retired on date of death PLUS a lump sum of three years' salary on— |
| (i) | Death in service of a contributing member before the age of 65; |
| (ii) | Death before the age of 65 where death occurs within six weeks of ceasing employment, if ex-member was unemployed for such period and had been a member of the Fund for a consecutive period of not less than two years prior to such unemployment; |
| (iii) | Death before the age of 65 where death occurs within six months of ceasing employment owing to sickness or a works accident, and ex-member was unemployed owing to such sickness or work accident until the date of death. |
| 4. | A lump sum benefit on retrenchment / redundancy, before the age of 65, as if the member had retired on date of retrenchment / redundancy. The fund will aim to pay the benefit within six weeks after cessation of service in the industries: Provided that the member has not returned to employment in the industries within that period. |
| 5. | A lump sum on ceasing service in the industries for reasons other than in (1) to (4) above. The lump sum is a refund of the member's own contributions, PLUS interest, PLUS a share of the employer's contributions, less costs, according to length of continuous service, and is payable not less than eight weeks after the cessation of service in the industries. |
To be completed by the employer:
| (i) | Name of employee (surname first) ....................................................... |
| (ii) | Identity Ref. No: ..................................Works No: .............................. |
| (iii) | Period of service (from) ........................ to .......................................... |
| (iv) | Reasons for termination of employment: |
| - | Retrenchment |
| - | Redundancy |
| - | Resignation |
| - | Permanent disability / incapacity |
| - | Other |
| (v) | In cases of retrenchment, state name and regional council and date on which notification of retrenchment was given under clause 35 of the Main Agreement: |
Regional Council
Date
| (vi) | The appropriate form for benefits has been handed to the employee. |
Date
For and on behalf of the employer
Notes:
| (i) | Claim forms for the various benefits are available from regional councils or from the offices of the Metal Industries Benefit Fund Administrator. |
| (ii) | It should be ensured that the employee has been handed his membership card of the fund and any brochures or other information relating to the Fund. |
| (iii) | The employer is required to maintain a permanent record of the permanent address (i.e. home address) of each employee. |
