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An overview of Section 37C of the PFA

Section 37C of the Pension Funds Act came into effect in August 1976. This section regulates the benefits payable upon the death of a member of a retirement fund. Ultimately, Section 37C places the onus on a fund’s board of trustees in identifying and allocating these ‘death benefits’. This article serves as an introduction to our series on the duties and responsibilities of trustees under Section 37C.