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 1st day of the month following your retirement from the Fund. Your pension will be:

Certificate of Existence Form

Pensioners are required to complete a Certificate of Existence Form annually. If the Fund does not receive the completed form, monthly pension payments will be suspended until such time as the completed form is received. The Fund will contact you when the Certificate of Existence Form is due.

Capital Guarantee

The Fund provides a capital guarantee, i.e. any positive difference between your Fund Value (at the date of retirement) and amounts paid out to you or your spouse, will be paid out to your beneficiaries as per Section 37C of the Pension Funds Act at the death of you or your spouse: whichever happens last.
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. 


Additional benefit payable following the death of a TFG pensioner

An additional lump sum of R5 000 is payable upon the death of a TFG Pensioner, which could be used to assist with funeral expenses. No benefit is payable on the death of your spouse or children.