Introducing your new Benefit Consultants

The Board of Trustees of the University of South Africa Retirement Fund (‘the Fund’) have recently made changes to the benefit consulting services provider of the Fund. The Board of Trustees have, effective from 1 February 2024, appointed Simeka Consultants and Actuaries (‘Simeka’) as the benefit consultants to the Fund. 

Introducing your new Member Elected Trustees

Thank you to all who participated in the recent Member Trustee elections of the University of South Africa Retirement Fund (“the Fund”). The election process is complete and the ballots have been counted. The new Member Trustees and Alternate Member Trustees for the next term of office with the effect date of 1 July 2023 have been confirmed! 

Introducing your new Retirement Benefits Counsellor

Previously, the Fund communicated that as a member of the University of South Africa Retirement Fund (the Fund), you have access to a qualified Retirement Benefit Counsellor (RBC) at no cost to yourself. Read this article to find out more about your new Retirement Benefits Counsellor.

What are the duties of the Fund’s Trustees?

In light of the upcoming elections, it is important that our members understand the duties of the members of the Board, so that they can participate meaningfully in the elections.

Changes to the risk benefits and costs

The financial year-end of the University of South Africa Retirement Fund (the Fund) is 31 December of each year. The insurance costs of the Fund are also reviewed during December for the following 12-month period. For a detailed update on the changes to the insured benefits and costs to the Fund, please click here.

The benefit of saving in your Fund

Can your Fund, the University of South Africa Retirement Fund assist you in saving towards retirement? The answer is yes. This newsletter will assist you in understanding the reduced cost that you pay towards your investment in the Fund, when compared to ordinary retail savings vehicles available in the market. Click here to read more.

What is the change to the life-stage model? 

The changes to the life-stage model will come into effect on 01 August 2022. Please click here to understand what this change means.

Understand how your death benefits will be paid upon your death. Click here to access the article.