FUTURE

WELCOME

Welcome to the first edition of the Fund's newsletter, My Future. Wehave valuable news to share with you in this newsletter and hope youwill learn more about your Fund.

Saving for a better future is the way to go! As a member of the ContractCleaning National Provident Fund you are already well on your way tosaving for your retirement. Every month, you and your Employer makecontributions to the Fund that is invested towards your retirement.

Despite the recent uncertainty in the investment markets your Fundcontinues to deliver good growth over the long term thanks to theexcellent management of the Fund by your Board of Trustees.

CELEBRATING 15 YEARS

The Fund celebrated its 15th year of existence in December 2016 as oneof the larger Sectoral Determination funds. The Fund was establishedon 1 December 2001 to provide all contract cleaners and supervisorswith retirement, death and disability benefits.

Good management, sound leadership, competitive benefits andprofessional administration ensures the continuous inflow of new membersto the Fund. Currently the Fund has over 130 000 active members.

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THE CONTRACT CLEANING NATIONAL PROVIDENT FUNDYour Fund Your Future

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END OF CONTRACT

When you resign and no longer work as a contract cleaner or supervisor your total member share will be paid to you as a cash lump sum.

However if your contract ends at one employer and you start working at another employer as a contract cleaner you continue to be amember of the Fund and your share of Fund will not be paid to you.

It is only when you leave the cleaning industry and no longer work as a contract cleaner that your retirement fund savings can be paidto you.

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Issue 1 | 2017

FUNERAL BENEFITS FOR THE WHOLE FAMILY

The member and the spouse qualify for funeral benefits of R24 000.

Children between the ages of 14 and 21 – up to 29 if studying full – time qualify for R15 000 funeral cover. Children between the agesof 6 to 13 qualify for R7 500 and children between the ages of 0 and 5 years (including stillborn) qualify for R3 750.

Immediate children up to theage of 21 years are covered. Thecover includes a Tombstone ofR10 000 for the main member.

Main Member

24 000RSpouse

24 000RChild 14 - 21

15 000RChild 5 - 14

7 500RChild to 0 - 5

3 750RSAVING FOR YOUR RETIREMENT

Every month your employer deducts a percentage of your wages/salaryas a contribution to the Fund. This percentage is stipulated in the Rulesof the Fund. The minimum percentage is 5.25%. You can see thisdeduction on your payslip.

DID YOU KNOW? With effect from 01 September 2016, risk benefits are self – insured which means both the deathand disability benefits are insured by the Fund. The administration of both these benefits is done by SA QuantumConsultants & Actuaries.

Contact number: 010 003 6500Email: Disability: ccnpfhrs@saquantum.co.za

Death: ccnpfrisk@saquantum.co.za

With effect from 1 September 2016 the funeral benefit is insured by Bophelo Life Insurance.

Contact number: 011 880 5798Email: ccnpfclaims@bophelolife.co.za

FUND CONTACT DETAILS:

Queries contact: 010 206 0902Complaints contact: 010 206 0031

c ontent :

1. Welcome

2. Celebrating 15 Years

3. Saving For Your Retirement

4. What benefit is paid when I die or

become disabled?

5. Identifying Your Dependants

5. Identifying Your Dependants

6. Make Sure You Claim Your Benefits

7. End Of Contract

8. Funeral Benefits For The Whole Family

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WHAT BENEFIT IS PAID WHEN I DIE OR BECOME DISABLED?

If you pass away whilst in service of the employer your dependants and/or beneficiaries will receive or

If you become disabled whilst in service of the employer you will receive:

A lump sum equal to:Your fund credit (amount saved in the fund)

Plus1 to 4 times your annual pensionable salary (depending on your category of membership).

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IDENTIFYING YOUR DEPENDANTS

When you pass away the Trustees have a legal duty to identify,trace and contact all your qualifying dependants andnominated beneficiaries. In terms of Section 37C of the PensionFunds Act the Trustees then take into account relevantcircumstances when dividing your lump sum death benefit.

Contacting your family members will be difficult if you havenot completed or updated a nomination form providing detailsof your dependants and their contact numbers.

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Hey Pule, can you tellme what my retirement

contribution is?

Yes Bongani, it is easy tocalculate! You pay 5.25% of yourwages every month - so 5.25% of

R3000 is equal to R157.50 permonth. Check your payslip.

In addition your employer also contributes 5.25% of your wages to the Fund every month.

All your own wages is paid into your retirement account and provides for your retirement.

The cost in respect of risk benefits (death, disability and funeral) is deducted from the employer's contribution and the balance isallocated towards the member's retirement savings.

Normal retirement is between the ages of 60 to 65. You may take earlyretirement from age 55 years (with consent from your employer).

You may take 100% of the benefit due as a cash lump sum, subjectto tax. Or you may purchase a pension (annuity) with all or a portionof the provident fund amount due to you.

REMEMBER to ask your employer to sign and stamp your retirementclaim form.

DID YOU KNOW? It is very important that you ensure that you are aregistered tax payer before deciding to withdraw or retire from theFund. If you are not registered as a tax payer, or if your tax affairs arenot in order SARS will not provide a tax directive and your benefitsfrom the Fund cannot be paid.

Hey Pule, how will theFund know who my

dependants are?

The Fund will ask your employer to provide a copy of the

Beneficiary Nomination Form that youcompleted to identify your dependants.

If you have not completed this form ask your employer for a copy of the

form today.

MAKE SURE YOU CLAIM YOUR BENEFITS

When a member exits the Fund, due to resignation,retrenchment, retirement or death, a benefit becomes due tothe member or his or her dependants, effective from the dateof exit.

If the benefit is not claimed by the member or the member’sdependants within twenty-four months the benefitbecomes unclaimed.

The Board of Trustees is concerned with the number ofunclaimed benefits in the Fund. Most of the unclaimedbenefits relate to death benefits that are not claimed bymembers’ dependants.

In many cases the Fund and or the Employer does not havecontact details for these dependants and can therefore nottrace them. The money then remains within the Fund until suchtime as it is claimed.

The Board of Trustees appeals to all members to ensure thatthey complete Beneficiary Nomination Forms where theyidentify their dependants and provide the necessary contactdetails for these dependants. Please complete this form andhand it to your nearest Human Resources contact person to fileon your personnel file.

In the event of your death, it is important to make sure thatyour dependants know that they need to contact the Fund toclaim benefits.

There can be a delay of up to 12 months before your benefitsare paid out if your dependants cannot be reached. Thismay just be at a time when your family is most in need offinancial assistance.

DID YOU KNOW? A dependant is a member's spouse, child orany other person who was infact Dependant on the memberor a person whom the member would have been legally liableto maintain in the future had he been alive.

MEMBER

retirement

MEMBER

retirement retirementretirement

+

-

EMPLOYEREMPLOYER

RETIREMENTSAVINGS

PAY-OUTTotal retirement

savings paid to themember as a

lump sum

=Less cost, member

liens and tax

IMPORTANT NEWS - REGISTRATION OF CUSTOMARY MARRIAGES

Members of the Fund must make sure that they have registered their CustomaryMarriage in terms of the Customary Marriages Act of 1998.

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