Question:
If you resign or are retrenched, can you claim benefits from a retirement annuity, pension fund or provident fund or from all of them? How do you claim and what documents do you need?
Answer:
Nelosn
We cannot address your question without the necessary background context. Please understand that we can only answer questions of a conceptual nature in this forum; you should refer case-specific problems to your former employer or to a financial adviser.
In general though, a resignation does not trigger a retirement annuity pay-out as this is an individual savings product, not related to your employment. If you resigned and received a cash payment, this must relate to a pension or provident fund. The onus was on you to instruct your former employer to either pay out your savings balance, or to transfer it to another fund. You need to follow up with them if they disregarded your instructions. If you chose to withdraw, you would have been paid out, and you will then have no further claim against the fund, in the absence of an administrative error.
