Retiring and Continuation Members

What happens when a member retires?

If you belong to the Scheme before you retire, you can choose to continue to belong to the Scheme, in which case you will be called a continuation member. (Retirees who were not members of the Scheme before retirement do not qualify for membership after retirement.)

PLEASE REMEMBER THAT:

If you choose to leave the Scheme after retirement, you cannot join the Scheme again at a later stage.

 

What happens if the member passes away?

If the member passes away, dependants have the choice to become continuation members. In such a case, the Scheme needs to receive the following documents within three months of the member’s date of death to ensure continuation membership for the dependants:

  1. Copy of the death certificate of the member.
  2. Copy of the ID of the surviving spouse/ beneficiary.
  3. Copy of bank statement or cancelled cheque to upload bank details for debit order/refund purposes.
  4. Proof of income of the continuation member who will become the new main member – SARS assessment (ITA34) or Scheme affidavit.

PLEASE REMEMBER THAT:

Dependants of a deceased member who elect not to join the Nedgroup Medical Aid Scheme following the member’s death do not qualify to join the Scheme at a later stage.

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