Psspf Benefits

Benefits Summary

The fund is a defined contribution fund and provides benefits when members retire, terminate employment (by resigning, or on retrenchment or otherwise) or die before retirement.

RETIREMENT BENEFITS PROVIDED BY THE FUND

Normal		At your normal retirement age of 65, your benefit being equal to your Fund Credit, can be paid as
Retirement		a pension purchased from a Registered Insurer, as a cash lump sum or a pension plus a cash
		lump sum.

Voluntary		With the Employer’s consent you may retire voluntarily from age 55.Your benefit, being equal to
Early		your Fund Credit can be paid as a pension purchased from a Registered Insurer, as a cash lump
Retirement		sum or as a pension plus a cash lump sum.

Ill-Health Early		If, on receipt of satisfactory medical evidence, the Employer and the Trustees decide that you are

Retirement		permanently incapable of efficiently performing your duties through infirmity of mind or body, you

		will be entitled to retire at any time. You will be entitled to your Fund Credit, paid as a pension
		purchased from a Registered Insurer, as a cash lump sum or as a pension plus a cash lump sum.

Late Retirement		With the Employers consent you may defer your retirement past normal retirement age but not

		later than age 70. Contributions continue to be paid. Your funeral and disability benefits will
		cease at normal retirement age of 65 but your group life cover will continue to age 70. At your
		late retirement date, you will be entitled to your Fund Credit, paid as a pension purchased
		from a Registered Insurer, as a cash lump sum or as a pension plus a cash lump sum.

DEATH / DISABILITY BENEFITS PROVIDED BY THE FUND

Death in Service		If you die whilst in service and all contributions have been received by the Fund at the date of your death, your dependents will receive a lump sum of 2.5 times your Annual Fund Salary plus your Fund Credit.

Disability		If you are disabled and all contributions have been received by the Fund at the date of your
		disability, and the claim is validated, you will receive a lump sum of 2.5 times your Annual Fund
		Salary plus your Fund Credit. Please note that your Capital Disability Benefit reduces by 10%
		per annum from age 56 and the benefit ceases at 65.

RESIGNATION BENEFITS PROVIDED BY THE FUND

If your employment is terminated for any reason, whether by your resignation, retrenchment or otherwise, excluding retirement, death or disability, you will receive your Fund Credit. This benefit may be taken in cash (after tax), kept in the Fund as deferred benefit or transferred to another approved retirement fund.

CONTRIBUTION RATES TO THE FUND

Member	Member contributes 7.5 % of their monthly basic salary.

Employer	Employer contributes 7.5 % of the member’s monthly basic salary
	The employer’s contribution includes the cost of death, disability and funeral benefits and
	administration fees.

FUNERAL BENEFIT PROVIDED BY MOMENTUM

Please note that with effect from 1 December 2010 the scale of benefits above will be increased for all deaths that occur on or after 1 December 2010 as follows:

Member, Spouse and Children 14 – 21	R 20 000.00
Children 6 – 13	R 14 000.00
Children 1 – 5	R 10 000.00
Children 0-11 months including Stillborn	R 6 000.00

MANAGEMENT OF THE FUND

The fund is managed by a board of trustees consisting of employer and employee representatives. The trustees meet regularly to discuss investments, benefits and administrative matters pertaining to the fund. The members of the board of trustees are:

Chairperson: R o b e r t D u b e

Trustees: Bonginkosi Qwabe, Pakamisa Harold Mdineka,

Principal Officer: Peter Zibi

Cobus Bodenstein, Piet Mabaso, Anna Maoko, Michael

Masekoma, Hennie Myburgh, Sello Molepo, Jackson Simon,

Norman Ngobeni, Jonnes Hlathwayo, Marchel Coetzee,

Marius Kemp, Duduza Khosana (Independent), Costa

Diavastos, Bheki Mthembu, Tony Botes, Philemon Bhembe

Overview of Public Universities in South Africa

Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.

University of Pretoria

Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
Application Period: Usually opens in March and closes at the end of July for most programs.

University of Cape Town

Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
Application Period: Application opens in April and closes at the end of July.

Stellenbosch University

Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
Application Period: Opens in March and typically closes at the end of June.

University of the Witwatersrand

Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
Application Period: Begins in March and ends on the 30th of September.

University of Johannesburg

Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
Application Period: Opens in April and generally closes by the 30th of September.

University of the Free State

Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
Application Period: Typically opens in April and closes at the end of August.

University of Venda

Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
Application Period: Usually from May to September.

University of Fort Hare

Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
Application Period: Opens around May and closes at the end of September.

University of the Western Cape

Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
Application Period: Generally from May to September.

North-West University

Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
Application Period: Opens in March and usually closes by the end of August.

Rhodes University

Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
Application Period: Applications open in April and close at the end of September.

Nelson Mandela University

Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
Application Period: Opens in April, with a deadline at the end of August for most programs.

Cape Peninsula University of Technology

Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
Application Period: Opens in May and typically closes by the end of September.

University of Limpopo

Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
Application Period: From April to September.

University of Zululand

Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
Application Period: Usually between April and November.

Central University of Technology

Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
Application Period: Application period generally starts in May and ends in October.

Vaal University of Technology

Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
Application Period: Typically from May to September.

Walter Sisulu University

Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
Application Period: From April to September.

This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.