The benefit payable upon the death of a member while in service is the total accumulated employee and employer contributions plus interest. The amount paid shall not be less than:
1. 50% of annual salary where a member has been employed in the industry for less than 5 years
2. 75% pf annual salary where a member has been employed in the industry for more than 5 years
Requirements for Processing Death Claim
• A completed and stamped Pension Claim Form by the employer.• Copy of the certificate of death or burial order.
• A copy of the beneficiary’s National Identification Document
• Proof of Marriage (Marriage Certificate or Affidavits); and
• Children’s Birth Certificates.
The Pension and Provident Funds Regulations provide that death benefits should be paid in the following order:
a. Surviving spouse(s) and dependent children;b. Parents;
c. Siblings;
d. Nominated beneficiaries; or
e. Estate of the late member.