The earlier you start saving, the greater your financial security in retirement.
Funeral Benefits
Comprehensive Funeral Cover For Members And Their Families
Funeral cover is available for members, spouses and qualifying children, providing support when families need it most. Our funeral benefits are designed to offer financial assistance and peace of mind during difficult times, ensuring that loved ones receive the support they need.
| Family Member | Cover Amount |
|---|---|
| Member | R 75,000.00 |
| Spouse | R 75,000.00 |
| Child older than 14 years | R 75,000.00 |
| Child older than 6 but younger than 14 years | R 37,500.00 |
| Child older than 2 but younger than 6 years | R 18,750.00 |
| Child younger than 2 years, including stillborn | R 18,750.00 |
FAQ
Frequently Asked Question
Find quick answers to the most common questions about Bokamoso Retirement Fund membership, benefits and contributions.
1. At what age can I retire?
Early retirement may be available from age 55. Normal retirement takes place between ages 60 and 65.
2.What happens if I resign?
You may receive your fund credit from the vested pot together with your available savings pot balance. Your retirement pot remains preserved and will be used to purchase an annuity at retirement.
3.What funeral cover is available?
Funeral cover is available for members, spouses and qualifying children, with benefit amounts depending on the family member category. Cover ranges from R 18,750 to R 75,000.
4. How much do I contribute?
Employee contributions range from 5% to 9% of your monthly basic salary.
5. How much does my employer contribute?
Employer contributions range from 5% to 22% of your monthly basic salary.