As you might know, Section 37C of the Pension Funds Act is a complex piece of legislation to navigate. It sets out how retirement fund death benefits should be distributed and requires retirement fund trustees to make decisions that can materially impact beneficiaries.
With funding from Strate and the ASISA Foundation, we have produced an educational publication focusing on Section 37C. Retirement fund death benefits: Trustees’ responsibilities and duties takes an in-depth look at why this legislation is in place and what trustees must do to ensure they meet their obligations under Section 37C.
Some of the key topics we cover include:
- Implications for trustees under Section 37C-
- The process of identifying and tracing dependants
- How to make fair and equitable distributions