Pension Fund Surplus

Pension Fund Surplus

In terms of the Pension Funds Act, 1956 every retirement fund registered with the FSB that has a surplus at its first surplus apportionment date after 7 December 2001, must distribute the surplus to its stakeholders. The stakeholders right to share in the pension fund surplus excludes funds to which the State contributes financially, such as the Government Employee Pension Fund and the Transnet Pension Fund. These funds do not fall within the jurisdiction of the Registrar of Pension Funds. 

 

How do I check if a fund has surplus or not?

 

If you know the name of the fund or the pension fund administrator, contact the administrator. The Administrator will be able to advise if that particular fund has a surplus to distribute or not.  It will also inform you about the claims procedure. If you do not know the name of the fund or the administrator, call the FSB's contact centre for assistance on 0800 20 20 87 or 0800 11 04 43.

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For more information read the following brochure, Unclaimed Pension Fund Surplus