Either of the following two benefits is payable on the death of a member before retirement.

1. A lump sum equal to twice or once annual salary at the time of death, while in the service of the industry that is if you die within 36 days after date of your last contribution. In case if you had contributed to the Fund continuously for 5 or more years, the benefit will be twice your annual salary or wage at the time of death and if less than 5 years it will be once your annual salary or wage. This benefit is paid as either lump-sum or pension over a fixed period depending on the benefit purchased. The period varies between 10 and 20 years depending on the residual pension.
2. Refund on death is applicable if you die after leaving the industry for a period in excess of the 36 days after date of last contribution. In this instance a lump-sum payment which consists of both the employee and the employer’s contributions together with interest that would have been earned by the Fund. The benefit is not taxable.

The lump sum death benefit shall be paid as per the following order;

1. To your surviving spouse(s) and dependent children or
2. If you leave behind neither surviving spouse(s) nor dependent children to any other dependents or
3. If neither of the above is available, the benefits will be paid to any nominated beneficiary, or
4. If you leave no surviving spouse, dependent children, dependent or nominee, to your Estate.

What benefits are payable on death after retirement?

1. If you die before the expiry of the guarantee period while in receipt of a pension leaving a spouse(s), the pension will continue to be paid for the balance of the guarantee period.
2. If you die after the guarantee period, there is no further benefit payable since pension is payable as noted above.