Unclaimed pension fund benefits amount to a whole lot of money which is sitting in the coffers of the Insurance companies awaiting distribution and you could be one of the lucky ones who is able to collect.
Here is the process to follow in order to make a claim for unlaimed benefits.
See the screen grab below for the information you will need to make the queries.
If you or anyone in your family has been with a few different companies over the years and contributions to a pension or retirement fund were made, it is well worth using the FSB’s unclaimed benefit search to see if any benefits are owing.
The worrying thing about the fact that there are R millions of unclaimed benefits is that it appears very little effort is going into attempting to find these beneficiaries or the beneficiaries of their estates.
In most cases, the owner of the benefit has died and the company does not know how or where to contact the family members. The families of these policy owners are legally entitled to this money.
The search of the unclaimed pension benefits database is a simple search which can either be dione by fund name or by beneficiary name. I suggest that use the simplest form of the unclaimed benefit search by simply entering the surname and scrolling through the list as the Initial convention used in the database is not uniform, some are displayed as G.C or G.C. or GC, you get the idea.
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UPDATED November 2020
Search the FSCA Unclaimed pension benefits database.
You are able to search for your own unclaimed benefits, as well as a family member or friend that has given you permission to search on their behalf.
Below is a creen grad showing the information required to do the search on the database.
If you do find unclaimed pension benefits from any fund, the search results will display the fund name, the contact details(in most cases) and the person to contact.
If the pension benefits show a company that you are not aware of familiar with, give them a call anyway, you never know, there may be a significant amount of money that you or the family are legally entitled to in the form of unclaimed pension benefits.
Unclaimed benefits are estimated to be in the R billions and will likely be forfeited to some fund or other under the Governments control after a defined number of years. There is much debate about what should happen with these unclaimed benefits and in light of the many discussion documents and proposals around the use of pension funds ho help restart the economy, you can imagine the temptation to get their hands on this enormous amount of money.
Perhaps it is a viable option for The ANC to use some of the much older unclaimed benefits and then to put some sort of contingency fund in place to cover a percentage of what may be clkaimed based on the past 10 years experience of tracking down relatives of those with unclaimed benefits.
Related posts:
How to be sure you are not being scammed by an unclaimed benefit tracing agent
How to Claim your portion of unclaimed benefits from your pension fund
What to do if your employer has not been paying over your pension fund/retirement contributions
Data Factory Unclaimed Benefits Claim Assistance
it seems to me that this site does not work
Hi Colin, perhaps you are expecting something that it does not do! The site provides info and contact details to help you, we are not fund admins.
Hi my father work at farm more than 20years we did notget a thing
The Government Employees Pension Fund (redress) programme is playing on people’s emotions and does not care and purposely disregards the principle of reasonable expectation
may you please check forme for any outstanding pension money for me.
Good day I’mmust querriyng if there is outstanding surplus funds due to me. I worked at Distell for over 12n;8 in in years.
i worked for Gold mines from 1992 until 2010 and wants to check if there is outstanding pension for me.
I need a statememt of my pension in the sandf who can i mail to get it
Good day I cant remember what was the last factory name my late husband work for, I never claimed his pension please can you help? his id no is 69101…….. Jacobus De Beer, died 2002/04/26
i would like to do some follow ups about my father surplus
good day, my father was working for a company for more than 20 years. when he passed away my mother never get anything regarding his pension fund
I WOULD LIKE TO ENQUIRE REGARDING MY MOTHERS OUTSTANDING PROVIDENT FUND SHE WAS WORKING IN THE MINES
I HAVE A GRANDMOTHER WHO WAS WORKING AS A NURSE AND NOTHING WAS CLAIMED OR PAID TO HER KIDS ,NEED HELP IN LOCATING HER MONIES
my father worked at CSIR
I DIDNT GET MY PROVIDENT FUND WAS WORKING AND A LEATHER FIRM
Ek het die forms z143 weg gestuur. My is Jacques Adolf Jonker. CP No 39268261. ID No 61030…….. Ek wil net weet of daar nog het is wat ek moet doen.
Hi , My father work at Sandton City Council for Years he Died in 1989 but we haven’t receive anything on his Pension fund as they have said his names are not the same , its ends like that , please assist My fathers name was Simon/Solomon Thekam Lekalakala Old ID No = 1-1238312-3 , New ID No = 3404285141082
Good day my name is Siphamandla Mike Nkosi, my father passed away 2015, he was working at Railways long time, he didn’t claim his proficient fund/ pantion fund, so what can I do to to get help??