The Provident Fund provides benefits for its members and their dependants, as outlined in the Provident Fund Collective Agreement. The Fund consists of:
- Contributions of both employer and member paid into the Fund.
- Returns derived from the investment of any moneys of the Fund.
- Any moneys credited to individual members.
- Interest received.
- Death, disability and funeral.
The Provident Fund and the Council
The Provident Fund is a separate legal entity and is not owned by any stakeholder or party connected to the Fund, such as the Council, an employer organisation or trade union. The Council is however responsible for ensuring that the payment of Fund contributions is made, as outlined in the Provident Fund Agreement. It is also important to note that all Provident Fund contributions are made directly to the Fund and not via the Council.
From 1 June 2013, Sanlam took over the front office functions of the Provident Fund. This means that Sanlam is now responsible for the collection of withdrawal forms, death or funeral claims, Provident Fund contribution enquiries and withdrawal and payment enquiries.
The Council is responsible for enforcing compliance in terms of its Collective Agreements.
Should you require any information on the Provident Fund, please call the Provident Fund Call Centre number on 0861 735 473.
For downloadable Provident Fund forms, go to www.rflipf-sanlam.co.za.
For information on contributions, benefits and claims, go to www.rflipfund.co.za.