March 2018

This edition includes an update on the trustee elections, the latest investment portfolio performance and the funeral cover requirements applicable to members who are joined in marriage with more than one person.

The latest benefit statements were posted to members at the beginning of March and members should please ensure that they review the information contained in the document and inform the fund if any of the information is incorrect or needs to be updated.

You are, as always welcome to contact us if you have any questions or require assistance with fund-related matters.

Enjoy the long weekend ahead and please be safe.

Kind regards

Sean Samons
Principal Executive Officer

2018 TRUSTEE ELECTIONS

The election documentation was sent to members within Gauteng, Limpopo, Eastern, Northern and Western Cape to cast their votes for a candidate of their choice within their respective provinces.

The closing date for the submission of the completed election forms is 12 April 2018 and the results will be communicated as soon as the process has been concluded.

For more information on the elections, the candidates and to access the documentation please click here.

<h3>Q & A ON FUNERAL COVER</h3>

Who is seen as a qualifying spouse for the funeral benefit when a member is joined in marriage with more than one person?

If an MEMBER is joined in MARRIAGE with two or more persons, QUALIFYING SPOUSE means
(a) only that one of them whom the MEMBER nominated in writing to the EMPLOYER during the person’s life; or
(b) if the EMPLOYER advises SANLAM that the MEMBER has failed to nominate only one of them in terms of paragraph (a), only the one with whom he/she is joined in MARRIAGE first.
Once a nomination has been made in terms of paragraph (a), it remains in force as long as the MEMBER is joined in MARRIAGE with the relevant spouse.

How can a member make provision for an additional spouse to be covered for the funeral benefit?

An additional spouse will be seen as an EXTENDED FAMILY MEMBER and can be covered for the funeral benefit provided that -
(a) the additional spouse is nominated in writing to the FUND by the MEMBER; and
(b) the MEMBER is joined in MARRIAGE with the additional spouse; and
(c) once an additional spouse with whom the MEMBER is joined in MARRIAGE has been nominated, the nomination remains in force as long as the MEMBER is joined in MARRIAGE with the relevant spouse; and
(d) a nomination may be made once a year on POLICY ANNIVERSARY as agreed upon between the FUND and SANLAM; and
(e) the higher monthly premium as determined by SANLAM is paid in respect of each additional spouse that is nominated; and
(f) he/she at the time of qualifying for insurance in terms of the Policy, is not yet 75 years of age.