TFG Pensioners

Your in-fund pension

When a member retires from the Fund and chooses to use their full gross Fund Value or part thereof to secure a pension from the Fund, he/she becomes a TFG Pensioner.

You will receive a monthly pension from the 1^st day of the month following your retirement from the Fund. Your pension will be:

• Subject to an annual increase. The pension policy aims to provide increases equal to 100% of inflation over a 3-year period, and these are dependent on fund performance.
• Paid for your lifetime and that of your qualifying spouse.

Pensioner Calendar

Pensioner Newsletters

What happens to your pension if you die after retirement?

In summary, the following will apply:

If you die within 5 years of retiring	If you die more than 5 years after retiring
If you were married at the date of retirement from the Fund
Your pension will be paid to your designated (nominated/chosen) spouse whom you were married to at retirement for the rest of the 5-year period. Thereafter, it will reduce to 75% of the pension at that date.	Your designated spouse whom you were married to at retirement will be paid a spouse’s pension of 75% of the pension at that date.
If you were single at the date you retired from the Fund
The positive difference (if any) between your Fund Value at retirement and all the amounts paid to you will be paid to your dependants and/or beneficiaries as a death benefit in terms of Section 37C of the Pension Funds Act.	The positive difference (if any) between your Fund Value at retirement and all the amounts paid to you will be paid to your dependants and/or beneficiaries as a death benefit in terms of Section 37C of the Pension Funds Act.