A board of trustees for a pension fund may not always follow what is said on a beneficiary nomination form regarding death benefits.
Pension scheme members may not always have their requests met regarding who benefits from their death.said that retirement funds have rights and obligations that rule over the relationship between its members and the employer, with the board of trustees of the fund guiding the fund’s rules.
The deceased had ten children – five with Mrs Ndwandwe, two with Ms Ngcobo, two sons from a prior relationship, and a minor child born from another relationship.In 2000, the deceased completed a beneficiary nomination form that included the people who would benefit from his death: Mrs Ndwandwe, two of his children with Ms Ndwandwe, and two of his children with Ms Ngcobo.
“If a member has a dependant and the member has also designated in writing the fund a nominee to receive the benefit or such portion of the benefit as is specified by the member in writing to the fund, the fund shall within 12 months of the death of such member pay the benefit or such portion thereof to such dependant or nominee in such proportions as the trustees may deem equitableparagraph shall not prohibit the fund from paying the benefit, either to a dependant or...
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