We often find ourselves so busy with day-to-day duties that we forget about ourselves. The HPCSA life cover is a compulsory benefit of the HPCSA and is one of the ways the council looks after its employees.
This is how the benefit, which is compulsory for all the employees of the HPCSA, work:
- In the unfortunate event that an employee dies, the nominated beneficiary/ies will receive four times the employee pensionable salary i.e. 75% of the employee annual package = pensionable salary
- For example, Mr/Mrs X gets an annual salary package of R100 000. His pensionable salary is therefore R75 000. If he/she dies, the beneficiaries will receive R75 000 x 4 = R300 000.
Important:
- Employees are urged to ensure that their beneficiary forms are up to date so that the benefit is allocated to the correct beneficiaries, according to the employee’s wishes
Last Updated on 19 December 2014 by HPCSA Corporate Affairs