Amendments to the Pension Funds Information sessions
Due to amendments to the Pension Funds Act in 2007, you may be eligible for a payment.

Have you worked in the Metal Industries?
Are you or were you a member of the:

• Metal Industries Provident Fund (MIPF) • Engineering Industries Pension Fund (EIPF)

If you answered YES on the above questions, you have to attend the information session in your region.
Bring all your QUESTIONS, we have all the ANSWERS!
Boksburg
Date:      3 May 2011
Time:     18:00
Place:     NGK Church Hall (Witfield)
Bellville
Date:      23 May 2011
Time:     18:00
Place:    NGK Church Hall (Bellville)
Newcastle
Date:      14 June 2011
Time:     18:00
Place:     Grey Goose

Are you one of the 2.5 million people?

MIBFA, a non-profit organisation, was established in 1994 with the sole purpose of managing the metal and engineering industry’s benefit funds. More than 2.5 million people stand to benefit from the surplus apportionment of R35 billion of the Engineering Industries Pension Fund (EIPF) and the Metal Industries Provident Fund (MIPF).

Who can benefit?
• Former members who were members of the MIPF from 1 May 1991 to 31 March 2008
• Former members who were members of the EIPF from 1 January 1980 to 31 March 2008
• Those persons who were active members on 31 March 2008
• Pensioners who were EIPF members on 31 March 2008
• Members who still had benefits in the fund on 31 March 2008 and who have not yet been paid out.

Mibfa – what is next?

Mibfa – what is next? Advertorial On 30 November 2011 the Financial Services Board approved the surplus apportionment schemes of the Engineering Industries Pension Fund (EIPF) and the Metal Industries Provident Fund (MIPF). This means that the EIPF and the MIPF now have the immense task of making more than one million payments to more…

Surplus distribution: How to get involved

Solidarity Magazine, 2 of 2011 The Metal Industries Provident Fund (MIPF), a defined contribution provident fund, and the Engineering Industries Pension Fund (EIPF), a defined benefit pension fund, must both perform a surplus apportionment exercise in terms of the Pension Funds Act. The surplus apportionment date for both funds is 1 April 2008. The Act…

MIBFA schemes: Proudly leading the way!

Solidarity Magazine, 2 0f 2011 The Metal Industries Benefit Fund Administrators (MIBFA) has been around for years and is still leading the way. MIBFA’s knowledge and expertise in respect of the metals and engineering industry makes it the obvious choice in protecting your funds, as it provides cutting-edge service within the retirement fund industry. MIBFA…

MIBFA schemes: Proudly leading the way!

The Metal Industries Benefit Fund Administrators (MIBFA) has been around for years and is still leading the way. MIBFA’s knowledge and expertise in respect of the metals and engineering industry makes it the obvious choice in protecting your funds, as it provides cutting-edge service within the retirement fund industry.   MIBFA is an organisation committed…

Surplus distribution: How to get involved in the process

The Metal Industries Provident Fund (MIPF), a defined contribution provident fund, and the Engineering Industries Pension Fund (EIPF), a defined benefit pension fund, must both perform a surplus apportionment exercise in terms of the Pension Funds Act. The surplus apportionment date for both funds is 1 April 2008. The Act lays down all the requirements…

Metal Industries Provident Fund (“the MIPF”)

(12/8/25718) Surplus apportionment scheme as at 1 April 2008 Report by the Trustees 1. Introduction The Pension Funds Second Amendment Act, 2001 (the Act) requires all pension funds to allocate any surplus on a basis as set out in the Act. The surplus apportionment date for the Metal Industries Provident Fund (also referred to as…

Engineering Industries Pension Fund (“the EIPF”) Conversion from a defined benefit to a defined contribution basis

(12/8/5040) Conversion from a defined benefit to a defined contribution basis with effect from 1 April 2012 Information Guide to Members 1. Introduction The Engineering Industries Pension Fund (hereafter referred to as “the EIPF”) is a defined benefit pension fund. The Trustees decided to convert the active member section of the EIPF from a defined…

Engineering Industries Pension Fund (“the EIPF”)

(12/8/5040) Surplus apportionment scheme as at 1 April 2008 Report by the Trustees 1. Introduction The Pension Funds Second Amendment Act, 2001 (the Act) requires all pension funds to allocate any surplus on a basis as set out in the Act. The surplus apportionment date for the Engineering Industries Pension Fund (also referred to as…

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Pretoria
Date:     10 May 2011
Time:     18:00
Place:    Reformed Curch (Booysens)
Despatch
Date:      2 June 2011
Time:     18:00
Place:    Despatch Voortrekker Hall
Richardsbay
Date:      22 June 2011
Time:     18:00
Place:     Mondi Sport
Centurion
Date:     19 May 2011
Time:     18:00
Place:    Golden Pipit (Centurion)
Witbank
Date:      9 June 2011
Time:     18:00
Place:    Civic Theatre
Vanderbijlpark
Date:      30 June 2011
Time:      18:00
Place:     J&B