State funds also have un­claimed ben­e­fits

CityPress - - Business -

The un­claimed ben­e­fit sta­tis­tics re­viewed by the Fi­nan­cial Ser­vices Board do not in­clude gov­ern­ment funds, as these do not fall un­der the Pen­sion Funds Act.

These would in­clude funds such as the Gov­ern­ment Em­ploy­ees’ Pen­sion Fund, The Telkom Re­tire­ment Fund, the Post Of­fice Re­tire­ment Fund and the three Transnet funds.

These funds are not su­per­vised by the Fi­nan­cial Ser­vices Board, but it is es­ti­mated the Gov­ern­ment Em­ploy­ees’ Pen­sion Fund alone has around R500 mil­lion in un­claimed ben­e­fits.

If you were a mem­ber of one of the fol­low­ing funds, you can make con­tact through the Gov­ern­ment Pen­sions Ad­min­is­tra­tion Agency, for which con­tact in­for­ma­tion may be found at gpaa.gov.za: Gov­ern­ment Em­ploy­ees’ Pen­sion Fund; Tem­po­rary Em­ploy­ees’ Pen­sion Fund; As­so­ci­ated In­sti­tu­tions’ Pen­sion Fund; Mem­bers of Statu­tory Bod­ies Pen­sion Scheme; and

As­so­ci­ated In­sti­tu­tions’ Prov­i­dent Fund.

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