For Business FAQ
The death benefit explained
My husband worked at this company for seven years and recently died of cancer. I would like to know how the pay-out process regarding his death benefit works. I received a text from my bank saying that a certain amount has been deposited into my account, but have not heard a word from Alexander Forbes explaining to me what the amount is for. I have five kids that were dependent on their dad and are all still young. Could someone please assist me.
What is a Corporate Selection Retirement Fund 2?
Hi, please can you help me. I am employ at Reavaya. We joined a Liberty Provident Fund Scheme about two weeks ago. The company (Piotrans) that administers our payroll issued a paper that they considered as a statement. This paper contained the scheme and membership number, but what is confusing is that the paper mentions a Corporate Selection Retirement Fund 2 instead of a provident fund? Please can you clarify.
Are provident fund contributions compulsory?
Good day. I would like to know if provident fund contributions are compulsory for both the employer and employee?
Can I transfer my CINPF to my employer's provident fund?
I am a member of CINPF, which is administered by NBC and would like to transfer these funds to my employer's provident fund. Is this possible, and to move my monthly contributions to the company? How can I go about doing this?
How can I determine the value of my provident fund pay-out?
I worked for 3 months and my contract ended. How much will I get from my provident fund if I paid R250 per month?
