BAL­ANC­ING ACT

The Citizen (KZN) - - News -

Lib­erty Cor­po­rate man­ag­ing ex­ec­u­tive Ti­aan Kotze said the prob­lem of un­claimed ben­e­fits was decades old and not unique to SA.

He said work­ers of­ten left em­ploy­ment un­aware they had pen­sion ben­e­fits ow­ing to them.

The ad­min­is­tra­tors re­spon­si­ble for safe­keep­ing fund mem­bers’ per­sonal data of­ten kept poor and in­com­plete records.

For ex­am­ple, many mem­bers were iden­ti­fied by their ini­tials and sur­names, rather than their full names. Nor, ap­par­ently, was there much ef­fort to keep a record of for­ward­ing ad­dresses, which was a par­tic­u­lar prob­lem when work­ers went back to the ru­ral ar­eas or neigh­bour­ing coun­tries. They simply dis­ap­peared off the radar.

Ben­e­fits Ex­change al­lows those who be­lieve they may have un­claimed ben­e­fits to do a free search, and claim a 12% suc­cess rate on search re­quests. FSCA also has an un­claimed ben­e­fits data­base search fa­cil­ity. – Re­pub­lished from Groundup. org.za

Pic­ture: EPA-EFE

Artists per­form on a horse at Puerta del Sol Square yes­ter­day dur­ing the Ifema Madrid Horse Week.

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