
STANDARD OPTION | DE-LUXE OPTION
This option offers a total of P40 000 in benefits per family per financial year.
Contributions are lower than in the De-Luxe option and are as follows:-

Current Standard Option Contribution Table (Effective 01 July 2007)
| Basic Pay |
Income
Category |
Class Beneficiaries |
|
|
00 |
01 |
02 |
03 |
04 |
05+ |
P |
|
P |
P |
P |
P |
P |
P |
0 < 600 |
100 |
147 |
231 |
248 |
266 |
291 |
314 |
601 < 1000 |
200 |
173 |
254 |
274 |
286 |
308 |
339 |
1001 < 2000 |
300 |
207 |
286 |
304 |
325 |
378 |
427 |
2001 < xxxx |
999 |
274 |
348 |
361 |
393 |
445 |
492 |
Key: 00 = single member, 01 = Member plus 1 dependant, 02 = Member plus 2 dependants and so on
Funeral Benefits
Members and their dependants are entitled to the Fund’s agreed funeral benefits which are payable to a member, a surviving spouse or some other
nominees as certified by Tribal Authority, District Commissioner or a similar authority. Members are required to submit notice of death within six months
of the occurrence of death. Any one of the following documents is required to facilitate processing of the claim; a) Death certificate or b) Death notification
from a registered medical practitioner or any such authorised person c) Letter from Tribal Authority or District Commissioner or a certified copy thereof
|