pensioner statement brochure aug 09.cdr

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					  Information
    Booklet



 Pensioner Benefit
    Statement

Pensioner
                         SENTINEL
       2009                 Mining Industry Retirement Fund
                                 Safeguarding Your Future




                        Sentinel Mining Industry
                       Retirement Fund (Sentinel)
                              Reg No 092
                      www.sentinelretirement.co.za

                             MPF House
                         32 Sunnyside Drive




Benefits
                           Sunnyside Park
                         PARKTOWN 2193

                          P O Box 61172
                      MARSHALLTOWN 2107
                     Johannesburg . South Africa

                       e-mail info@mpf.co.za
                       Tel (27)(11) 481-8000
                       Fax (27)(11) 481-8111




Statement
                           Mine Employees
                         Pension Fund (MEPF)
                              Reg No 089
                        www.minepensions.co.za




                      M INE EM PLOYEES
                             PENSION FUND
Your Fund provides you with an annual benefit statement to ensure that you
know your Fund, all its benefit and service offerings and where you stand in
 terms of your monthly pension. It also shows whether your spouse, other
  dependants or nominated beneficiaries will receive benefits in the event of
  your death.

  Personal particulars which are important to the Fund are reflected so that you
  can confirm that it is correct. Should any of this information be incorrect, you
  must please contact the Fund so that it can be corrected.


                         EXAMPLE
      MINE EMPLOYEES PENSION FUND
SENTINEL MINING INDUSTRY RETIREMENT FUND
                 BENEFIT STATEMENT FOR PENSIONERS
                          AS AT 15 JUNE 2009

Name
Plan number / Participant Number
Address

PERSONAL DETAILS

Date of birth:                           Identity number:


PENSION BENEFITS CURRENTLY IN PAYMENT

Benefit Type:
Effective Date:
Term Certain Period:

Gross Pension:
Tax deduction:
Medical aid deduction:
Other deductions:                               __________
Nett pension:

DEATH BENEFITS (Important: See information brochure)

Spouse's pension payable (Y/N):
Spouse's pension: % elected:
Child's pension (Y/N):

Death cover (Y/N):


NB: Retain this benefit statement for your future reference. All relevant
communication from your pension fund should be read together with
this benefit statement.
General
Benefits are provided in terms of the Rules of the Fund(s) and based
on your personal circumstances and/or options exercised at the time
that the benefit became payable.

Only information relevant to your benefit composition is reflected in
your personal benefit statement.

This example shows information that could be reflected in your
personal benefit statement.

Identification
You can identify yourself through your initials, surname, identity
number / date of birth or passport number.


Pension Benefits
This shows a breakdown of your current net monthly pension. Tax
deductions are made in terms of current tax regulations. If an
arrangement has been made by your Medical Aid, the Fund will deduct
your contribution from your pension and pay it over to them.


Spouse pension
 This item indicates whether provision for a spouse pension was made
when you retired.
Payment of the spouse's pension may be affected if changes in your
personal circumstances occurred after retirement.
(Please refer to Pensioner Death Benefits in a Nutshell elsewhere in
this publication)


DBS lump sum
This item indicates whether a lump sum will become payable in the
event of your death. This lump sum will be paid in terms of Section 37C
of the Pension Funds Act to your dependants, nominees or estate. An
updated Nomination Form will be valuable to the Trustees when a
decision about the allocation of this lump sum is made. (Please refer to
Pensioner Death Benefits in a Nutshell elsewhere in this publication)


     Do you want more information?
  If you need more information about your Fund,
   the benefits and services offered or your own
        pension, you may contact the Funds
    telephonically or in writing or visit one of the
               Client Service Centres.
                      Pensioner Death Benefits in a Nutshell

  Date retired                SPOUSE PENSION                     Date retired                   LUMP SUM

   Sentinel:     If you elected a spouse's pension at             Sentinel:     At retirement you had the option to
    Before       retirement, the pension will only become          Before       preserve a DBS lump sum equivalent to
   31/5/1981     payable to the person you were married           1/1/1988      24 months' pensions, or to convert your
    MEPF:        to at the date of retirement, irrespective if     MEPF:        full DBS in favour of an additional
    Before       you are still married to that spouse at the       Before       retirement benefit.
   31/3/1982     time of your death. MEPF pay a reduced           1/1/1991      Refer to Pension B below for value.
                 pension to a second spouse if your
                 spouse at retirement died during your
                 retirement and you remarried. Refer to
                 Pension A below for value.

   Sentinel:     A spouse's pension, if provided for at           Sentinel:     At retirement you had the option to
     From        retirement, is payable to:                         From        preserve a DBS lump sum equivalent to
   1/6/1981      (a)The person that you nominated as              1/1/1988      30 months' pensions, or to convert your
    MEPF:        your spouse at the time of your                   MEPF:        full DBS in favour of an additional
     From        retirement, provided that you were living          From        retirement benefit.
   1/4/1982      together as husband and wife from                1/1/1991      From 1/9/1994, MEPF compelled
                 retirement throughout until death.                             retirees to preserve a lump sum
                 (b)In Sentinel, if your spouse                                 equivalent to at least 12 months'
                 predeceases you, or you divorce your                           pensions and to convert the balance in
                 spouse after retirement and remarry, no                        favour of an additional retirement benefit,
                 spouse's pension will be payable after                         while Sentinel allowed retirees to convert
                 your death.                                                    the full DBS in favour of an additional
                 (c)On 01 January 1991, MEPF                                    retirement benefit.
                 introduced reduced spouse pensions to                          Refer to Pension B below for value.
                 post retirement spouses, i.e. a person
                 who became your spouse after
                 retirement.
                 Refer to Pension A and C below for
                 value.

   Sentinel:     A term certain guarantee of 5 years was          Sentinel:     If both you and your spouse die within the
     From        offered. If you die within the first 5 years       From        first 5 years of retirement, the monthly
   1/3/2001      of retirement, your spouse receives your         1/3/2001      pensions for the remainder of the term
    MEPF:        full pension for the remainder of the 5           MEPF:        will be capitalised and paid in a lump
     From        years, where after a spouse pension will           From        sum.
   1/3/2003      be paid on a level of 75%. Only the              1/3/2003
                 spouse for whom a spouse pension was
                 provided at retirement will qualify for this
                 benefit.

   Sentinel      Pension Income Choice was introduced             Sentinel      If both you and your spouse die within the
   & MEPF:       to offer retirees choice between a 5, 10,        & MEPF:       term selected at retirement (5, 10, 15, 20
     From        15, 20 or 25 year term certain guarantee,          From        or 25 years), the monthly pensions for the
   1/8/2005      as well as a choice between 75% or               1/8/2005      remainder of the term will be capitalised
                 100% spouse provision.                                         and paid in a lump sum.

  Sentinel:      Pension Income Choice was extended to            Sentinel:     The previous dispensation was
    From         include a 3 tier pension income choice             From        expanded to include flexible pensions,
  19/4/2007      plan which includes a combination of             19/4/2007     where remaining capital at death is paid
 MEPF: From      guaranteed and flexible pensions for            MEPF: From     in a lump sum.
  8/10/2007      retirees who qualify.                            8/10/2007

Pension A: A spouse pension equates to 50% of the pensioner's pension, excluding lump sum and early retirement adjustments.
Pension B: DBS cover is based on the pensioner's pension, excluding lump sum and early retirement adjustments.
Pension C: The reduced MEPF spouse pension equates to 33% instead of 50% referred to in Pension A above.

				
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