Leaving the fund and claiming your benefits is made easy with the below advice on how to finalise your claim.
If you are not re-elected or you have resigned as a councilor, please contact your HR department. They will assist you to complete a Termination of Membership Form, which they will forward with your supporting documents to the Administrator for processing. Remember that your claim form must be signed by you and the employer (Authorised HR Manager/Finance Manager). Termination of Membership Form, requires you to insert your banking details, this must be taken to your bank to verify after which the bank will stamp the form confirming the details.
NB: The following documents must accompany your completed termination of membership form and will be forwarded by your HR department to the administrator for processing
The process is dependant on there being no outstanding documents or queries with your Municipality and South African Revenue Service (SARS). It is therefore important to know that the time it takes to finalise your claim is determined by:
If the above is in order, your claim will be processed within 4-6 weeks. You cannot claim your benefit if you’ve been re-elected.