Who can join the Fund?
We are proud to announce that the Fund had been recognized at the IRF conference and scooped the following 3 Communication Awards:
1) Gold Standard Award – Stakeholder Communication Strategy
2) Merit Certificate – Use of Regional Structures in Educating Community and Workers
3) Merit Certificate – Community and Beneficiary Inclusion in Communication
The benefit payable on retrenchment is identical to the benefit payable on dismissal or resignation.
You may elect to take the benefit in cash or transfer the
tax-free benefit either to an approved Provident Fund, Retirement Annuity
and Preservation Provident Fund.
Transfers to approved Pension Fund and Pension Preservation Fund will attract tax.
Should you resign or be dismissed, you will have the option to receive a cash lump sum equal to your Fund Credit.
Why Choose Us?
The Fund is open for membership to all workers in the Mining industry whose employers are participating employers in the Mineworkers Provident Fund. Workers of other members of the Chamber of Mines in South Africa and workers of other employers whose participation in the Fund has been approved by the Trustees, may also join.
Joining members must be under the age of 60 for underground employees and 63 for surface employees.