ttnppl'l"ne:irn'i'ip in Suid-A.Uika RetiremeJJ tn?tm~nit.er benefits in South A.Uica Aftre.

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1 ttnppl'l"ne:irn'i'ip in Suid-A.Uika RetiremeJJ tn?tm~nit.er benefits in South A.Uica Aftre. K P.r -'"~"nrbenefits in South A.Uica Aftreen An!'Te ~Vt:lnr.de,rp in Suid-.Amka Retirement bel.

San lam retains the copyright of this survey. Reasonable use may be made of the survey for purposes of comment and study provided full ackntiwledgem.

2 San lam retains the copyright of this survey. Reasonable use may be made of the survey for purposes of comment and study provided full ackntiwledgem..ent is given to Sanlam, and Sanlam receives a copy thereof. Kopiereg op hierdie oorsig word deur Sanlam voorbehou. Redelike gebruik van die oorsig vir doeleindes van komrnentaar en studie is toelaatbaar mits voile erkenning aan Sanlam verleen word en Sanlam 'n kopie damvan ontvang. Copies are available at R40,00 0/AT included) per copy and can be obtained from: The Uaison Officer Group Benefits : Marketing San lam PO Box 1 SANLAMHOF 7532 Eksemplare is beskikbaar teen R40,00 (B1W ingesluit) per eksemplaar en kan aangevra word by: Die Skakelbeampte Groepvoordele : Bemarking San lam Posbus 1 SANLAMHOF 7532

Introduction Inleiding San lam takes pleasure in publishing the findings of its sixth biennial survey on the conditions and benefit structures of pension and provident funds in South Africa.

3 Introduction Inleiding San lam takes pleasure in publishing the findings of its sixth biennial survey on the conditions and benefit structures of pension and provident funds in South Africa. QuestionAaires were sent to 756 fu nds spread over the entire speclrum of economic activity in South Africa. Of these funds 24 have either dissolved or merged with another fund these past two years. The response rate of 48 can be regarded as excellent. I thank all those who participated in the sujvey. Should you require any further information or wish to comment or make any suggestions regarding future surveys, you are welcome to write to us or to contact your local group benefits manager. We also offer a facility to compare your fund's benefits with those of your competitors or similar companies. You are welcome to contact us. Walter ScheiDer Senior General Manager Senior Hoofbesluurder Sanlam publiseer met genoee die bevindings uit sy sesde tweejaarlikse opname van die bepalings en voordeelstrukture vah pensioen en voorsorgfondse in Suid-Abika. Vraelyste is aan 756 fondse oor die hele spektrum van ekonomiese bedrywig heid in Suid-Abika gestuur. Van hierdie fondse het 24 in die afgelope twee jaar ontbind of met 'n ander fonds saamgesmelt Die reaksiekoers van 48 kan as uitstekend beskou word. Ek bedank aile deelnemers aan die opnarne. Indien u enige nadere besonderhede verlang, kommentaar willewer of voorstelle met die oog op toekomstige opnames wil doen, kan u gerus aan ons skryf of met u plaaslike groepvoordelebestuurder in verbinding tree. Ons bied ook 'n fas iliteit aan om u fonds se voordele met die van u konkurrente of soortgelyke maatskappye te vergelyk. Skakel ons gems.

This report contains the fouowing: a summary of-the most important findings an analysis of the funds in general an analysis of the funds according to size, measured in tenns of contributions an

4 This report contains the fouowing: a summary of-the most important findings an analysis of the funds in general an analysis of the funds according to size, measured in tenns of contributions an analysis of funds with international affiliations an analysis of South African funds only an analysis according to the following industries: Financiai institutions 41 funds Manufacturing companies Capital goods 31 funds Consumer goods 79 funds Services companies 38 funds Construction companies 11 funds Co-operations 35 funds Corporations 9 funds Wholesale and retail companies 29 funds Conglomerates 12 funds Mining companies 16 funds Government and semi-government organisations 6 funds Local authorities 18 funds Professional groups 5 funds Hierdie verslag bevat die volgende: 'n opsomming van die vemaamste bevindings 'n ontleding van die fondse gesamentlik 'n ontleding van die fo ndse volgens grootte, gemeet aan bydraes 'n ontleding van fondse met internasionale verbintenisse 'n ontleding slegs van Suid-Afrikaanse fondse 'n ontleding volgens die volgende bedrywe: Finansii:He instellings Vervaardigingsmaatskappye Kapitaalgoedere Verbruikersgoedere Dienstemaatskappye Konstruksiemaatskappye KoOperasies Korporasies Groot- en kleinhandelmaatskappye Konglomerate Mynboumaatskappye Staat en semi-staatsorganisasies PlaasHke owerhede Professionele groepe 41 fondse 31 fondse 79 fondse 38 fondse 11 fondse 35 fondse 9 fondse 29 fondse 12 fondse 16 fondse 6 fondse 18 fondse 5 fondse

Contents Inhoud Page Section Bladsy Afdeling Summary of the most important findings 1 Opsomming van die belangrikste bevindings Pension funds 9 Pensioenfondse General statistics 9 Algemene statistiek

5 Contents Inhoud Page Section Bladsy Afdeling Summary of the most important findings 1 Opsomming van die belangrikste bevindings Pension funds 9 Pensioenfondse General statistics 9 Algemene statistiek 2 Contributions 21 Bydraes 2 Membership 27 Lidmaatskap 4 Normal retirement age 29 Normale aftree-ouderdom 4 Pensionable remuneration 33 Pensioengewende besoldiging 5 6 Retirement benefits 37 Aftreevoordele 6 7 Early and late retirement 51 Vroee en laat aftrede 7 8 Increase in pensions 63 Verhoging in pensioene 8 9 Death benefits before retirement 69 Sterftevoordele voor aftrede 9 10 Death benefits after retirement 91 Sterftevoordele na aftrede Disability benefits 95 Ongeskiktheidsvoordele Withdrawal benefits 103 Uitdienstredingsvoordele Communication 111 Kommunikasie Provident funds 113 Voorsorgfondse 14 Regional Management 137 Streekbestuur

Summary of the most important findings Opsomming van die belangrikste bevindings Section 1 General statistics 91 of funds compared with 92 of participating funds at the previous survey provide

6 Summary of the most important findings Opsomming van die belangrikste bevindings Section 1 General statistics 91 of funds compared with 92 of participating funds at the previous survey provide benefits based on a fixed formula at retirement. Some 11 of funds indicated that they were considering changing to a fixed contribution fund. Most funds preferred not more than two investment managers with half the funds surveyed using a single investment manager and 23 two investment managers. 81 of funds are managed by a Board of Trustees, an increase of 9 since the last survey. Section 2 Contributions There was no significant difference between the contribution rate paid by males and females. Top management also contributed at a similar rate although a small percentage (8) were non contributory. The contribution rates of both member and employer have remained unchanged. 83 of funds now make provision for voluntary past,snoitubi~tnoc which i_s an increase of 7 since the previous survey. Section 3 Membership 93 of the pension funds admit members of all races, an increase of 2 since the previous survey. Approximately 94 of the funds surveyed require appointment to the permanent staff while 22 have a minimum age. Mdeling 1 Algemene smtistiek 91 van fondse, vergeleke met 92 van deelnemende fondse tydens die vorige opname, voorsien voordele gebaseer op 'n vaste formule by aftrede. Sowat 11 van die fondse het aangedui dat hulle oorweeg om na 'n vastebydraefonds oor te skakel. Die meeste fondse verkies nie meer as twee beleggingsbestuurders nie, terwyl die helfte van die fondse 'n enkele beleggingsbestuurder gebruik en 23 twee beleggingsbestuurders gebruik. 81 van die fondse word bestuur deur 'n Raad van Trustees, 'n toename van 9 sedert die laaste opnarne. Mdeling 2 Bydraes Daar was geen opvallende verskil tussen die bydraekoers wat deur mans en vroue betaal word nie. ToJr bestuur het ook teen 'n soortgelyke koers bygedra, hoewel 'n klein persentasie (8) nie-bydraend is. Die bydraekoerse van be ide lid en werkgewer het konstant gebly. 83 van die fondse maak nou voorsiening vir vrywillige verstreke diens--bydraes- 'n toename van 7 sedert die laaste opname. Mdeling 3 Lidmaatskap 93 van die pensioenfondse laat lede van aile rasse toe; 'n toename van 2 sedert die vorige opname. Sowat 94 van die fondse in die opname vereis dat lede permanent in diens moet wees, terwyl 22 'n minimum ouderdom vereis.

Section 4 Normal retirement age 'lllere has been a sustained trend towards bringing female retirement ages in line with those of males (see graph).

7 Section 4 Normal retirement age 'lllere has been a sustained trend towards bringing female retirement ages in line with those of males (see graph). The average retirement age is now 64 years for males and 63 years for females. In 1985, 46 of funds had a retirement age for females of 60 years or younger. This percentage has reduced to 29 in this survey. Section 5 Pensionable remuneration There has been a sig nificant trend towards including fringe benefits as part of the pensionable remuneration since the previous survey, with 12 of funds indicating that they had incorporated fringe benefits in the last 2 years. Section 6 Retirement benefits TI1e most popular averaging period is now the last 2 years while historically this has been 3 years. The significant trend towards shortening the averaging period compared with the previous sur veys is reflected in the graph. The average period has as a result reduced from 2,9 years in 1985 to 2,1 years in remains the most popular scale for determining retirement benefits. (See graph on next page.) Refer to position as at I j an Verwys no posisie soos op 1 ] Mdeling4 Normale aft:tee-ouderdom Daar was 'n volgehoue tendens om die aftree-ouderdom van vroue in lyn met die van mans te bring (sien grafiek). Die gemiddelde aftree-ouderdom is nou 64 jaar vir mans en 63 jaar vir vroue. In 1985 het 46 van die fondse 'n aftree-ouderdom van 60 jaar of jonger vir vroue gehad. Hierdie persentasie het tot 29 gedaal volgens hierdie opname. Mdeling 5 Pensioengewende besoldiging Sedert die vorige opname was d a~r 'n duidelike tendens om byvoordele as dee! van die pensioengewende besoldiging in te sluit, met 12 van die fondse wat aandui dat hulle byvoordele in die laaste 2 jaar ingesluit het. Mdeling 6 Aftreevoordele Die gewildste tydperk vir vasstelling van gemiddelde salaris is nou die laaste 2 jaar terwyl dit histories 3 jaar was. Vergeleke met vorige opnames. loon dit 'n beduidende lendens om die tydperk te verkort, soos in die grafiek getoon. Die gemiddelde periode is as gevolg verkorl van 2,9 jaar in 1985 tot 2.1 jaar in bly die gewildsle skaal om aftreevoordele vas te stel. (Sien grafiek op volgende bladsy.)

8 Some 18 of participants place a maximum on pension benefits at retirement. This is approximately the same as in previous years. 17 of funds had a minimum retirement benefit compared with 12 at the previous survey. Section 7 Early and late retirement Some 76 of funds have a fixed reduction factor applicable on early retirement as opposed to no reduction, an actuarial or a varying reduction. There has been a trend towards a smaller fixed reduction for each month the member retires before the normal retirement date with 52 of funds, compared with 14 in 1985, now having a reduction of 0,25 per month or less. Some 84 of funds permit late retirement of which 28 require contributions to cease. There has been a trend towards a lower factor of 0,25 per month in funds which permit contributions to continue and to a higher factor of 1 per month in funds whose contributions cease. Section 8 Increase in pensions The average pension increase for funds during was 11,4 representing some 75 of the increase in the Consumer Price Index. Over and above this some funds provided once-off increases. The increasing provision for pension increases is perhaps the most significant trend over the last 2 years. (See graph.) A most encouraging feature is that some 32 of funds make provision for full inflation increases Pension scale Pensioenskaal t IIIII I ~d":.":. ~. 2\ c... w t~w~ 1~ M""r"'2'); Increase in pensions Verhoging in pensioen * 12,1 15,3.. Refer to position as at 1 jan ,. Ven.uys na posisie soos op 1 jan Sowall8 van die deelnemers plaas 'n maksimum op pens ioenvoordele by aftrede. Dit is ongeveer dieselfde as in vorige jare. 17 van die fondse het 'n minimum aftreevoordeel, vergeleke met 12 met die vorige opname. Mdeling 7 Vroee en laat aftrede Sowat 76 van fondse maak 'n vasgestelde verminderingsfaktor van toepassing op vroee aftrede, vergeleke met geen vermindering, 'n aktuariele of wisselende vermindering. Daar was by 52 van die fondse 'n neiging tot 'n kleiner vasgestelde vermindering vir elke maand wat die lid voor die normale aftreedatum aftree, vergeleke met 14 in Die vermindering is nou 0,25 per maand of minder. Sowat 84 van die fondse laat lede toe om laat af te tree, en 28 vereis dan dat bydraes staak. Daar was 'n neiging tot 'n laer faktor van 0,25 per maand by fondse wat toelaat dat bydraes voortgesit word en tot 'n hoer faktor van 1 per maand by fondse waar bydraes staak. Mdeling 8 Verhoging in pensioene Die gemiddelde pensioenverhoging vir fondse gedurende was 11,4, wat 75 van die styging in die Verbruikersprysindeks beloop. Hierbenewens het sommige fondse eenmalige verhogings gebied. Die voorsiening wat vir verhoging in pensioene gemaak is, is miskien die belangrikste tendens die afgelope 2 jaar. (Sien grafiek.) 'n Baie bemoedigende kenmerk is dat 32

9 compared with 12 two years ago. Approximately half of the funds in addition gave once-off additional increases during the last three years. Section 9 Death benefits prior to retirement A similar number of funds (79) as in the previous survey provide for spouse's pensions. TI1is compares with 73 in our 1987 survey. There has been a trend away from providing only a lump sum benefit with 18 of funds providing only lump sum benefits now compared with 4 7 six years ago. 53 of funds providing spouse's pensions base them on the pension the deceased member would have received had he remained in service until normal retirement age, rather than on a percentage of salary at death. There has been a trend towards basing the spouse's pension on an increased percentage of the member's expected pension with approximately half providing more than 50 of the expected pension (see graph). For funds which base their spouse's pension on a percentage of salary, 50 of salary is the most popu lar and approximately 45 is the average. These percentages reflect a marginal increase since previous surveys. 85 of funds who pay children's pensions pay pension in respect of 3 or more children. n1e mosl popular period of payment is to age 18 years. Percenlage of expected pension Perscntasie van verwagte pensioen " Refer to position as at 1 jan Verwys na posisie soos op 1 j an van aile fondse voorsiening maak vir die voile toename in inflasie, vergeleke met 12 twee jaar gelede. Ongeveer die helfte van die fondse gee bykomend 'n eenmalige addisionele verhoging gedurende die laaste drie jaar. Afdeling 9 Sterftevoordele voor aftrede 'n Soortgelyke aantal fond se (79) as in die vorige opname maak voorsiening vir gadepensioene. Dit vergelyk met 73 in ons 1987-opname. Daar is terselfdertyd wegbeweeg van die blote voorsiening van 'n enkelbedrag, aangesien 18 van die fondse nou slegs enkelbedragvoordele bied, vergeleke met 47 ses jaar gelede. 53 van fondse wat gadepensioen bied, baseer dit op die pensioen wat die gestor we lid sou ontvang het as hy in diens gebly het tol die normale aftree-ouderdom, eerder as op 'n persentasie van salaris by dood. Daar was 'n neiging om gadepensioen te baseer op 'n verhoogde persentasie van die lid se verwagte pensioen. terwyl ongeveer die helfte meer as 50 van die verwagte pensioen voorsien (sien grafiek). Vir fond se wal hul gadepensioen op 'n persentasie van salaris baseer, is 50 van salaris die gewildste en ongeveer 45 die gemiddelde. Hierdie persentasies reflekteer 'n marginale Loename sedert vorige opnames. 85 van die fondse wat kinderpensioen betaal, betaal die pensioen ten opsigte van 3 of meer kinders. Dit word meestallol die ouderdom van 18 jaar betaal.

Section 10 Death benefi~ after retirement There has been a trend towards the spouse's pension being based on an increased percentage of the member's pension before commutation (see graph).

10 Section 10 Death benefi~ after retirement There has been a trend towards the spouse's pension being based on an increased percentage of the member's pension before commutation (see graph). Widower's pensions do not yet have parity with 80 of funds providing a widow's pension compared with 58 of funds that provide widower's pensions. Section 11 Disability benefits 84 of all funds provide an income based on a percentage of members' salaries compared with 11 who based the pension on the accrued or prospective pension at retirement. This compares with percentages 50 and 39 respectively revealed in our 1985 survey. Some 52 of respondents also make provision for a benefit on temporary disability via a separate fund. The average waiting period before the disability pension commences is 3,6 months. The most common income payable on disability is equal to 75 of the members' salary until the member attains normal retirement age. Section 12 Withdrawal benefits The rate of interest credited to contributions refunded at withdrawal has increased significantly over the last 4 years. A similar trend was evident in funds who provide a simple interest addition to all contributions for each year of contributory service. (See graphs.) Death benefits after retirement Sterftevoordele na aftrede Rate of compound interest Saamgestelde rentekoers ~ Re[er topositionosot 1}an Venvys na posisie soos op 1 jan Mdeling 10 Sterftevoordele na aftrede Daar was 'n tendens om die gadepensioen op 'n verhoogde persentasie van die lid se pensioen voor kommutasie te baseer (sien grafiek). Wewenaarspensioen het nag nie pariteit bereik nie, met 80 van die fondse wat 'n weduweepensioen hied, vergeleke met 58 van die fondse wat 'n wewenaarspensioen hied. Mdeling 11 Ongeskiktheidsvoordele 84 van aile fondse bied 'n inkomste wat gebaseer is op 'n persentasie van lede se salatisse, vergeleke met II wat die pensioen baseer op die opgelope of prospektiewe pensioen by aftrede. Vergelyk dit met die persentasies van 50 en 39 onderskeidelik in ons 1985-opnarne. Sowat 52 van die deelnemers maak ook voorsiening vir 'n voordeel vir tydelike ongeskikt heid via 'n a parte fonds. Die gemiddelde wagperiode voordat die ongeskiktheidspensioen 'n aanvang neem. is 3,6 maande. Die inkomste wat gewoonlik by onge- skiktheid betaal word, is gelyk aan 75 van die lid se salaris totdat die lid normale aftree--ouderdom bereik. Mdeling 12 Uitdienstredingsvoordele Die rentekoers wat bygevoeg word by die terugbctaling van bydracs by uitdicnstrede het aansienlik gestyg oor die laaste 4 jaar. Daar was 'n soortgelyke Lendens by fondse wat enkelvoudige rente byvoeg by aile bydracs vir elke jaar van

Companies not only tend to provide withdrawal benefits with a greater rate of interest but also in some cases a greater proportion of the employer's net contribution.

11 Companies not only tend to provide withdrawal benefits with a greater rate of interest but also in some cases a greater proportion of the employer's net contribution. The benefits on the redundancy of personnel have improved significantly with 60 of funds providing more than the member's contributions plus interest compared with 24 two years ago. Section 13 Communication There has been an increase in the communication with members since the last survey in all aspects viz rule booklet.s, benefit statements, notices, trustee reports, speeches and audiovisual presentations. 35 of fu nds indicated that they wished to improve in this area. Section 14 Provident funds Information in respect of provident funds was obtained for the first time in our previous survey. Some 25 of respondents indicated that they have a provident fund at the previous survey. This figure has grown lo 30 in this survey. The provident funds were largely based (86) on a defined contribution structure. 88 of provident funds are managed by a Board of Trustees of which approximately half have more than 7 members. The median employer and member contribution rate to the provident funds is between 7,1-8,0 and 5,1-6,0 respectively, compared with the median 5 Rate of simple interest Enkelvoudige rentekoers * ~ I.;. 0-l.!ltt. 2lli -l.!l.l. 4\- Interest addition Rentebyvoeging Provident fund Pension fund Voorsorgfonds Pensioenfonds Refer to position as at I j an Verwys na posisie sous op 1 jan pensioengewende diens (sien grafieke). Maatskappye is nie net aileen geneig om uitdienstredingsvoordele met 'n grater rentekoers te hied nie, maar voorsien ook in sekere gevalle 'n groter deel van die werkgewer se netto bydrae. Die voordele by besnoeiing van person eel het merkbaar verbeter, met 60 van die fondse wat meer as die lid se bydraes plus rente hied, vergeleke met 24 twee jaar gelede. Mdeling 13 Kommunikasie Daar was in aile opsigte 'n toename in kommunikasie met lede sedert die laaste opname, nl. deur middel van reelboekies, voordelestate, kennisgewings, trusteeverslae, toesprake en oudiovisuele voorleggings. 35 van die fondse het aangedui dat hulle graag wil verbeter op hierdie terrein. Mdeling 14 Voorsorgfondse lnligting ten opsigte van voorsorgfondse is vir die eerste keer in ons vorige opname verkry. Sowat 25 van die deelnemers het toe aangedui dat bulle voorsorgfondse het. Hierdie syfer het tot 30 gegroei in hierdie opname. Die voorsorgfondse is grotendeels gebaseer (86) op 'n vastebydraestruktuur. 88 van die voorsorgfondse word deur 'n Raad van Trustees bestuur, van wie ongeveer die helfte meer as 7 lede hel. Die mediaan werkgeweren lidbydraekoers tot voorsorgfondse is tussen 7,1-8,0 en 5,1-6,0 onderskeidelik. In vergelyking

12 employer and member contribution rate to the pension funds of 1Q,1-15 and 7,1-8,0 respectively. The withdrawal benefits were significantly higher than the average withdrawal benefits provided under the pension funds. 67 of provident funds compared with 33 of pension funds permitted part or all of the employer's contributions to be payable on normal withdrawal. The interest addition to members' contributions at withdrawal is also higher (see graph). Half of the companies with provident funds also provide funeral benefits and one-third provide housing assistance via the provident fund. Trends When reviewing the overall results of the survey in comparison with previous surveys, the following trends become apparent. There has been an increasing trend to provide the same benefits for male and females. The averaging period upon wl ich pensions at retirement are based has further shortened. A smaller reduction factor is applicable to early retirements in good health... There was a trend towards basing the spouse's pension on a greater percentage than 50 of the member's pension. Spouse's pensions are becoming more popular. Also a greater met die mediaan werkgewer- en lidbydraekoers tot pensioenfondse van 10,1-15 en 7,1-8,0 onderskeidelik. Die uitdienstredingsvoordele was aansienlik hoer as die gemiddelde uitdienstredingsvoordele wat by die pensioenfondse voorsien is. 67 van die voorsorgfondse het toegelaat dat 'n dee! van, of die totale werkgewerbydraes by normale uittrede betaal word, in vergelyking met 33 van die pensioenfondse. Die rentebyvoeging by uitdienstrede tot ledebydraes was ook hoer (sien grafiek). Die helfte van die maatskappye met voorsorgfondse voorsien ook begrafnisvoordele en een derde voorsien huislenings via die voorsorgfonds. Tendense Die volgende ten dense blyk uit 'n algehele oorsig van die opname in vergelyking met vorige opnames. Daar was 'n toenemende neiging om dieselfde voordele vir mans en vroue te voorsien. Die tydpcrk vir die bepaling van gemiddelde safaris waarop pensioen by aftrede betaal word, is verder verkor t. 'n IGeiner verminde1ingsfaktor is van toepassing op vroee aftredes met goeie gesondheid. Daar was 'n neiging om die gadepensioen op 'n groter persentasie as 50 van die lid se pensioen te baseer. Gadepensioene word al hoe

13 percentage of funds base the spouse's pension on a percentage of salary rather than on expected pension. More funds are now providing disability income benefits based on a percentage of salary rather than past or potential service. Funds provide for greater provision for future increases in pensions in the course of payment There is a strong move towards enhanced withdrawal benefits. The significant and most pleasing trend is that funds have indicated that they have increased their provision for pension increases. gewilder. 'n Groter persentasie fondse baseer ook die gadepensioen op 'n persentasie van salaris eerder as op verwagte pensioen. Meer fondse voorsien nou ongeskiktheidsinkomstevoordele wat gebaseer is op 'n persentasie van salaris eerder as verstreke of potensiele diens. Fondse bied groter voorsiening vir toekomstige verhogings in pensioene met verloop van die betaling. Daar is 'n groter geneigdheid tot omvattender uitdienstredingsvoordele. Die gevallendste en mees verblydende tendens is die aanduiding dat fondse groter voorsiening maak vir pensioenverhogings.

Pension funds (Refer Section 14 for Provident Funds) Pensioenfondse (Verwys Afdeling 14 vir Voorsorg(ondse) Section 1 : General statistics Afdeling 1 : Algemene statistiek 1.

14 Pension funds (Refer Section 14 for Provident Funds) Pensioenfondse (Verwys Afdeling 14 vir Voorsorg(ondse) Section 1 : General statistics Afdeling 1 : Algemene statistiek 1.1 Head office: Hoofkantoor: Annual premium less Annual premium between Annual premium more International Non-international!han RSOO 000 RSOO 000 and R2 million than R2 million affiliation affiliation }aarpremie kleiner Jaarpremie tussen Jaarpremie grater lntemasionale Nie-intemasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Cape/Kaap Transvaal Natal OFS/ OVS Participants/Deelnemers Active members: Aktiewe lede: > I > I > and more/ en meer Participants/Deelnemers Pensioners: Pensioentrekkers : I > and more/50! en meer 3 45! 9 28 Participants/Deelnemers

$Total Finan- Manufacturing/Vervaardiging Services Con Co-ope- Corpo- \'\'holesale Conglo- Mi- Government Local Profes.$

15 Total Finan- Manufacturing/Vervaardiging Services Con Co-ope- Corpo- \'\'holesale Conglo- Mi- Government Local Profes. cia\ Capital goods Consumer goods struction ration ration and retail me rate ning and semi-slate auu1ority sional Totaal Finan Kapitaal- Verbruikers Dienste Kon- KoOpe- Korpo- Grot ~ en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraal bou semi-staat owerheid sioneel

1.4 Administration by: Administrasie deur: Annual premium less Annual premium between Annual premium more International Non-international than R500 000 R500 000 and R2 million than R2 million

16 1.4 Administration by: Administrasie deur: Annual premium less Annual premium between Annual premium more International Non-international than R R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner Jaarpremie tussen Jaarpremie groter Intemasionale Nie-intemasionale as RSOO 000 RSOO 000 e n R2 miljoen as R2 miljoen verbintenis verbintenis Fund itself/fonds self Assurer /Versekeraar Broker /Makelaar Consulting actuary /Konsultaktuaris Other/ Ander Participaots/Deeloemers Investments by: Beleggings deur: Fund itself/fonds self Assurer(s) /Versekeraar(s) Other financial institution(s)/ Ander finansiele instelling(s) Combination of above/kombinasie van bogenoemde Participants/Deeloemers Number of investment managers: Aantal beleggingsbestuurders: One/Een Two/Twee Three/Drie Four/Vier Five/Vyf Six and more/ses en meer Participants/Deeloemers I I

17 Total Finan- Manufacluring/Vervaardiging Services Con- C<>-Ope- Carper Wholesale Conglo- Mi- Government Local Profes.- cia1 Capital goods Consumer goods struction ration ralion and retail merate ning and semi-stale authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-st.aat owerheid sioneel so so so

18 1.7 Fund assets invested in: Fondsbates bele in: Annual pn mium le!-i!oi Annual premium bnwt'l n Annual]m miurn morf' lrllcrnational than R { and H2 million than R2 million afilit~tion Jaarpremie kleiner Jaarpn:rnie tussen Jaarpremic groter Intemasionalc as 1 ~ RSOO 000 en Ja miljoen as R2 miljoen verbin tenis Guaranteed portfolio(s)/waarborgportefeulje (s) Market value portfolio(s)/markwaardeportefeulje(s) Combination o[ above/kombinasie van bogenoemde Participants/Deelnemers Aids (More than one answer possible): Vigs (Meer as een antwoord moontlik): Formal Aids policy /Formele vigs-beleid Medical test (new members)/mediesc toets (nuwe Jede) Test for HIV virus (new members)/ Toets vir HIV-virus (nuwe lede) Exclusion clausc/uitsluitings-klousule Retirement benefits based on: Aftreevoordele gebaseer op: Accrued contributions/opgelope bydraes Fixed formula/vaste formule Participants/Deelnemers Funds recently converted to fixed contribution funds (or under consideration): Fondse onlangs gewysig na vastebydrae fondse (of word oorweeg): Funds/ Fondse Participants/Deelneme rs l N(ln inh malional u((iliatitm Nie-intemasionalc verbintenis

$and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en P\aaslike Professieel goedere goedere struksie rasie rasie klein handel$

19 Total Finan- Manufacturing/ Vcrvaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescial Capital goods Consumer goods slruction ration ration and retail merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en P\aaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staal owerheid sioneel

1.11 Type qffund in operation: Tipe fonds in werking: Annual premium less Annual premium between Annual prt>mium more lnte:"mational ~on int ematinal than R500 000 R500 000 and R2 million than R2

20 1.11 Type qffund in operation: Tipe fonds in werking: Annual premium less Annual premium between Annual prt>mium more lnte:"mational ~on int ematinal than R R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner Jaarpremie tussen j aarpremie groter Intemasionale Nie-intemasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Pension fund only / Slegs pensioenfonds Pension fund and provident fund/ Pensioenfonds en voorsorgfonds Choice of employees/keuse van werknemers Determined by type of work/bepaal volgens tipe werk 5 I I I 2 Determined by remuneration (weekly/ monthly)/ Bepaal volgens tipe betaling (weekliks/ maandeliks) Other I Ander 2 3 Participants/ Deelne mers Provident fund recently started: Voorsorgfonds onlangs begin: Funds/ Fondse Participants/ Deelneme rs Provident fund for: Voorsorgfonds vir: Temporary employees/t ydelike werknemers Trade union members/vakbondle 1e Hourly /weekly paid/uurliks-/weekliksbesoldigdes Choice of employee/ Keuse van werknemer Other I Ander Participants/Deelnemers

Total fi nan- ManuCacturing/Vervaardiging Servic< s Con- Co-ope- Corpo- Wholesa1e Conglo- Mi- Government Local Profesdal Capila] goods Consumer goods struction ration ration and retail ml ratc ning

21 Total fi nan- ManuCacturing/Vervaardiging Servic< s Con- Co-ope- Corpo- Wholesa1e Conglo- Mi- Government Local Profesdal Capila] goods Consumer goods struction ration ration and retail ml ratc ning and semi-state authority o;ional Totaal Finan- Kapitaal Verbruikers- Dienste Kon- Koijpe- Korpo- Groot- en Konglo- Myn Staat en Plaaslike Professieel goedere goedere slruksie rasie rasie klein handel meraal bou semi-staat owerheid sioneel I

1.14 Fund management by: Fondsbestuur deur: Annual premium less Annual premium between Annual premium more lntemalional Non - int~:mational than H500 000 RSOO 000 and R2 million than R2 million

22 1.14 Fund management by: Fondsbestuur deur: Annual premium less Annual premium between Annual premium more lntemalional Non - int~:mational than H RSOO 000 and R2 million than R2 million afiiliation affiliation Jaan)remie kleiner jaarpremie tussen Jaarpremie groter lnt:emasionale Nie-intemasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Principal officer /Hoofbeampte Board oftrustees/raad van Trustees Management committee/bestuurskomitee Participants/Deelnemers Number, if managed by Board of Trustees: Aantal, indien bestuur deur Raad van Trustees: Three or less/drie of minder Four/Vier Five/Vyf Six/Ses Seven or more/sewe en meer Participants/Deelnemers Trustee members chosen/nominated by: Trusteelede verkies/benoem deur: Employees/Werknemers Employer /Werkgewer Both/Beide Participants/Deelnemers

$Total Finan- Manufacturing/Vervaardiging Services Con- Co-ot>e- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods struction ration ration and retail merate ning$

23 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ot>e- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods struction ration ration and retail merate ning and semi-state authori ty sional Tolaal Finan- Kapitaal- Verbruikcrs- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie kjeinhandel meraat bou semi-staat owerheid sioneel

!9 1.17 Representation of pensioners on Board of Trustees: Annual prt'mium Jess Annual premium between Annual premium more than R500 000 RSOO 000 and R2 million than R2 million jaarpremie klei ner

24 ! Representation of pensioners on Board of Trustees: Annual prt'mium Jess Annual premium between Annual premium more than R RSOO 000 and R2 million than R2 million jaarpremie klei ner Jaarpremie tussen jaarpremie grater as R RSOO 000 en R2 miljoen as R2 miljoen Verteenwoordiging van pensioentrekkers op Raad van Trustees: Funds/ Fondse Participants/Deelnemers Representation of directors on Board of Trustees: Verteenwoordiging van direksielede op Raad van Trustees: Funds/ Fondse Participants/ Deelnemers 1.19 Total value of assets (R million): Totale waarde van bates (R miljoen): , ,1 and more/100,1 en meer Participants/Deelnemers I International Non-international affiliation affiliation Intemasionale Nie-internasionale verbintenis verbintenis

25 20 Total Finan- Manufacturing/ Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government logii Profescia! Capital goods Consumer goods stnjd ion ration ration and retail me rate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere stru ksic rasie rasie klein handel meraat bou scmi-staat owerhe id sioneel

26 ~ 21 Section 2 Afdeling 2 Contributions Bydraes Annual premium~ Annual premium betwe<>n Annual premium more International. on-intemationaj than R R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner Jaarprentie tu ssen as RSOO 000 RSOO 000 en R2 miljoen 2.1 Employer contributions as of annual salaries: Werkgewerbydraes as van jaarlikse salarisse: ~ 3 ~ ~ w 2 5,1 1 ~ ,1-2~ ,1 and more/20,1 en meer 3 Participants/Deelnemers jaarpremie groter as R2 miljoen 2.2 Member contributions as of annual salaries (males - top management): Lidbydraes as van jaarlikse salarisse (mans - topbestuur): ~ , , , , ,1 and more/8,1 en meer 6 4 Participants/Deelnemers Member contributions as of annual salaries (males - other): Lidbydraes as vao jaarlikse salarisse (mans - ander): 0,1 5 5,1 6 6,1 7 7,1 8 8,1 and more/8,1 en meer Participants/Deelnemers I I Intemasionale Nie-intemasionale verbintenis verbintenis 3 I I w I I

27 Total Finan- Manufacturing/Vervaardiging Services Con- (()-Qpe- Corpo- Wholesale Conglo- Mi Government Local Profescia! Capit."tl goods Conswner goods sln1ction ration ration and retail merate ning and semi-slate authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe-. Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel I I

2.4 0 0,1 5 5,1 6 6,1 ' 7 7,1-8 Annual premium Jess Annual premium betw( cn Annual prtmium more International Non-international than RSOO 000 RSOO 000 and R2 million than R2 million affiliation

28 ,1 5 5,1 6 6,1 ' 7 7,1-8 Annual premium Jess Annual premium betw( cn Annual prtmium more International Non-international than RSOO 000 RSOO 000 and R2 million than R2 million affiliation affiliation Jaarpremie kleiner jaarpremie tussen jaarpremie groter Intemasionale Nie-intemasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Member contributions as of annual salaries (females - top management): Udbydraes as van jaarlikse salarisse (dames - topbestuur): 8,1 and more/8,1 en meer Participants/Deelnemers Member contributions as of annual salaries (females - other): Udbydraes as van jaarlikse salarisse (dames- ander): , ,1 ~ ,1 ' , ,1 and more/8,1 en meer 5 2 Participants/Deelnemers Provision of voluntary past service contributions: Voorsiening vir vrywillige verstreke diensbydraes: Funds/ Fondse Participants/Deelnemers

T otal Finan Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia I Capital goods Consumer goods st111ction nltion ration and retail merate ning

29 T otal Finan Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia I Capital goods Consumer goods st111ction nltion ration and retail merate ning and semi-state authority sional Totaal Finan- Kapitaal Verbruikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

30 2.7 Application of voluntary contributions: Aanwending van vrywillige bydraes: Annual premium le'>s AnnuaJ premium between Annual premium more International i'ion-intemationaj than RSOO 000 R!500 Ck10 and R2 million lhan R2 million affiliation affiliation Jaarpremie kleiner Jaarpremie lussen Jaarpremie grater lntemasionale Nie-intemasionale as RSOO 000 R en R2 miljoen as R2 miljoen verbintenis verbi ntenis Buying of past years of service/ Aankoopvan vernreke diensjare Buying of additional pension at retirement/ Aankoop van addisionele pensioen by aftrede Choice between above/keuse tussen bogenoemde Other I Ander Participants/ Deelnemers

Total Finan- Manufactuling/Vervaardiging Service~ Con- Co-ope- Corpo- Wholesale Conglo- Mi- Govemrnent Local Profescia! Capital god~ Consumer goods st.mclion rat.

31 Total Finan- Manufactuling/Vervaardiging Service~ Con- Co-ope- Corpo- Wholesale Conglo- Mi- Govemrnent Local Profescia! Capital god~ Consumer goods st.mclion rat.ion ration and retail meratc ning and semi-state authority sional T otaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-sl.aat owerheid sioneel

Section 3 Afdeling 3 Membership Lidmaatskap Annual premium l c~s Annual pn:mium b e twt~ n than RSOO 000 1~ 50 000 :md R2 million Jaafl)remie kleiner jaarpremie tussen as RSOO 000 RSOO 000 en R2

32 Section 3 Afdeling 3 Membership Lidmaatskap Annual premium l c~s Annual pn:mium b e twt~ n than RSOO 000 1~ :md R2 million Jaafl)remie kleiner jaarpremie tussen as RSOO 000 RSOO 000 en R2 miljoen 3.1 Qualification requirements (More than one answer possible : None/Geen Kwalifikasievereistes (Meer as een antwoord moontlik): Permanent service/permanente diens Minimum age/minimum ouderdom Minimum salary /Minimum salaris Other I Ander 3.2 Participation (males): Deelname (mans): All races/ Aile rasse Whites/ Biankes Non-whites/Nie-blankes Participants/Deelnemers 3.3 Participation (females): Deelname (dames): All races/ Aile rasse Whites/Biankes Non-whites/Nie-blankes Participants/Deelnemers Annual premium more International!\(m-internalional than R2 million affiliation affiliation Jaarpre mie g rater lnternasionale Nie-intemasionale as R2 miljoen verbinlenis verbintenis

33 Total Finan Manufacturing/Vervaardiging Services Con C<H>1>e- Corpo- Wholesale Conglo- Mi- Government Local Profes- 1.. ial Capital goods Consumer goods struction ration ration and retail merate ning and semi-state authority sional Totaal Finan- Kapitaal Verbruikers-- Oienste Kon- Koope- Korpo- Groot en Konglo-- Myn- Staat en Plaaslike Professicel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

Section 4 Afdeling 4 Normal retirement age Normale aftree-ouderdom Annual premium less Annual premium between than RSOO 000 RSOO 000 and R2 million Jaarpremie kleiner j aarpremie tussen as RSOO 000

34 Section 4 Afdeling 4 Normal retirement age Normale aftree-ouderdom Annual premium less Annual premium between than RSOO 000 RSOO 000 and R2 million Jaarpremie kleiner j aarpremie tussen as RSOO 000 RSOO 000 en R2 miljoen 4.1 Normal retirement age (males - top management): Normale aftree-ouderdom (mans - topbestuur): 59 or yo unger /59 of jonger 60 years/60 jaar to 62 years/61 tot 62 jaar 63 to 64 years/ 63 tot 64 jaar years/65 jaar 66 Participants/ Deelnemers Normal retirement age (males - other): Normale aftree-ouderdom (mans- ander): 59 or younger /59 of jonger 60 years/60 jaar 61 to 62 years/61 tot 62 jaar 63 to 64 years/63 tot 64 jaar 65 years/65 jaar Participants/ Deelnemers I Normal retirement age (females -top management): Normale aftree-ouderdom (dames- topbestuur): 59 or younger /59 of jonger 60 years/ 60 jaar 61 to 62 years/ 61 tot 62 jaar 63 to 64 years/63 tot 64 jaar 65 years/ 65 jaar Participants/Deelnemers Annual premium more International Non-international than R2 million affiliation affiliation Jaarpremie grater Internasionale Nie-internasionale as R2 miljoen verbintenis verbintenis I I

Total Finan- Manufacturing/Vcrvaardiging Services Con- C<><>pe- Corpcr Wholesal( Conglo- Mi- Government Local Profl!scia I Capital goods Consumer goods struction ration ration and n.

35 Total Finan- Manufacturing/Vcrvaardiging Services Con- C<><>pe- Corpcr Wholesal( Conglo- Mi- Government Local Profl!scia I Capital goods Consumer goods struction ration ration and n.:tail merate ning and semi-<;late authority sional Totaal Finan- Kapilaal- Verbruikers- Oicnstc Kon- f{oope- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel I

4.4 Normal retirement age (females - other): Normale aftree-ouderdom (dames- ander): Annual premium less Annual premium betwe('n Annual premium more lntl'mational Non-international than RSOO 000 RSOO

36 4.4 Normal retirement age (females - other): Normale aftree-ouderdom (dames- ander): Annual premium less Annual premium betwe('n Annual premium more lntl'mational Non-international than RSOO 000 RSOO 000 and R2 million than R2 million affiliation affiliation Jaarpremie kleiner jaarpremie tussen 1 aarpremie grater Intemasionale Nie-intemasionale as R RSOO 000 en R2 m.iljoen as R2 miljoen verbintenis verbintenis 59 or younger /59 of jonger 3 I 2 60 years/60 jaar to 62 years/61 tot 62 jaar 2 I I 63 to 64 years/ 63 tot 64 jaar years/65 jaar Participants/Deelnemers Additional service for top management: Aanvullende diens vir topbestuur: Funds/ Fondse Participants/ Deelnemers Number of years additional service for top management: Aantal jare aanvullende diens vir topbestuur: I Year/1 Jaar 2 Years/2 Jaar Years/3 Jaar Years/4Jaar Years/ 5 j aar Participants/ Deelnemers

37 Totaal Finan sieel Services Oienste Con struction Kon stmksie Co-opt-- ration Wholesale and retail Groot en klein handel Mi ning Total Financ.:ial Verbruikers- Manufacturing/Vervaardiging Capital goods Consumc:r goods Kapitaal goedere goedere Ko5perasie Coq><>ration Korporasie Conglotn('rate Konglomeraal Mynbou Government andst:mi stat< Staat en semi-staat Local ProfesauUwrity sional Plaaslike Profesowerheid sioneel

Section 5 Afdeling 5 Pensionable remuneration Pensioengewende besoldiging An nual premium less Annual premium between Annual premium more International Non-international than RSOO 000 RSOO 000 and R2

38 Section 5 Afdeling 5 Pensionable remuneration Pensioengewende besoldiging An nual premium less Annual premium between Annual premium more International Non-international than RSOO 000 RSOO 000 and R2 million than R2 million afiiliation affiliation Jaarpremie kleiner jaarprcmie tussen jaarpremie grater lnternasionale Nie-intemasionale as R RSOO 000 en R2 miljoen as R2111iljoen verbintenis verbintenis 5.1 Pensionable remuneration (top management) includes:!mare than one answer possible! Pensioengewende besoldiging (topbestuur) sluit in:!meer as een a11twoord maolltlik! Bonuses (e.g. marketing) /Bonusse (bv. bemarking) Bonuses (13th cheque)/bonusse (13de tjek) Commission/Kommissie Car benefit/motorvoordeel Housing benefit/behuisingsvoordeel Other I Ander 5 M ~ ~ u Pensionable remuneration (other) includes:!more th an one answer possible! Pensioengewende besoldiging (ander) sluit in:!meer as wz antwoord mao11tlik! Bonuses (e.g. marketing)/bonusse (bv. bemarking) Bonuses (13th cheque) /Bonusse (13de ljek) Commission/Kommissie Car benefit/molorvoordeel Housing benefit/behuisingsvoordeel Other I Ander 5.3 Definition of pensionable service adjusted (past 2 years): Definisie van pensioengewende besoldiging aangepas (die afgelope 2 jaar): Funds/ Fondse Participants/Deelnemers

39 Total Finan- Manufacturing/Vcrvaardiging Service!:' Con- Co-ope- Corpo- Wholesale Congl<r Mi- Government Local Profescia! Capital goods Consumer goods struction ration ration and retail merate ning and semi-slate authority sional Totaal Finan- K.:1pitaal- Verbruikers- Dienste Kon- l<oope- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou scmi-staat owerheid sioneel

40 5.4 Benefits included (past 2 years):!more than one answer possif,fe! Annual premium lt ss Annual pn mium bt twet n Annual prt mium more International ~on-international Voordele ingesluit (afgelope 2 jaar):!meer as een antwoord moontlik! than RSOO 000 RSOO 000 and R2 million than H2 million affiliati<m affiliation j aarpremie kleiner jaarpremie tusseo Jaarpremie groter InternasionaJe Nie-internasionale as R R en R2 miljoen as R2oniljoen verbintenis verbintenis Bonuses (e.g. marketing) /Bonusse (bv. bemarking) Bonuses (13th cheque)/bonusse (13de gel<) Commission/Kommissie 10 4 Car benefit/motorvoordeel Housing benefit/behuisingsvoordeel Other I Ander

$Total Finan- Manufucturing/Vervaardiging Services Con- Co-ope- Corpo- YVhoksale Conglo- Mi- Govemm('nl Local Profescia\ Capital goods Consumer goods stll.$

41 Total Finan- Manufucturing/Vervaardiging Services Con- Co-ope- Corpo- YVhoksale Conglo- Mi- Govemm('nl Local Profescia\ Capital goods Consumer goods stll.lction mtion ration and retail merate ning and semi-stole authmily sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- l<oope- Korpo- Groot- en Konglo- Myn- Staat en Plaasl ike Professieel goedere goedere stn1ksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel G

42 Section 6 Retirement benefits Afdeling 6 Aftreevoordele 6.1 Final average salary (top management): Finale gemiddelde salaris (topbestuur): Annual premium les:s Annual prt:'mium between Annual pn mium more lnltmational Non-international than R RSOO 000 and R2 million than R2 million affiliation affiliation jaarpremie kleiner Jaarpremie tussen jaarpremie grater Internasionale Nie-in ternasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Last year /Laaste jaar Last 2 years/laaste 2 jaar Last 3 years/laaste 3 jaar Last 4 years/laaste 4 jaar 3 1 Last 5 years/laaste 5 jaar I Participants/Deelnemers Final average salary (other): Finale gemiddelde salaris (ander): Last year /Laaste jaar Last 2 years/laaste 2 jaar Last 3 years/laaste 3 jaar Last 4 years/laaste 4 jaar 3 1 Last 5 years/laaste 5 jaar 3 2 Participants/Deelnemers Lump sum at retirement: Enkelbedrag by aftrede: Funds/ Fondse Participants/Deelnemers

$Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- WholesaJe Conglo- M i- Government Local Profescia\ Capital goods Consumer goods struction ration rntion and retail me rate ning$

43 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- WholesaJe Conglo- M i- Government Local Profescia\ Capital goods Consumer goods struction ration rntion and retail me rate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbnaikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere stn.1ksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel :l8

6.4 Type of lump sum: Tipe enkelbedrag: Annual prnnium lt ss Annual premium bdwl'l'll Annual premium mon fntnnatjonal Non-international than 1~50 000 R500 O()O and R2 million than R2 million

44 6.4 Type of lump sum: Tipe enkelbedrag: Annual prnnium lt ss Annual premium bdwl'l'll Annual premium mon fntnnatjonal Non-international than 1~ R500 O()O and R2 million than R2 million affiliation aftiliaticm Jaarpremie kleiner Jaarpn:mie tussen Jaarpremie groter lntc rnasionalc: Nie-intcrnasionale as nsoo 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbinte nis Commutation only/slegs kommutasie Gratuity only / Slegs gratifikasie Both/ Beide Participants/Deelnemers Gratuity benefit: Percentage of final salary for each year of pensionable service: Gratifikasievoordeel: Persentasie van finale salaris vir elke jaar van pensioengewende diens: 0-1, , ,9 6-7, , and more/10 en meer Participants/Deelnemers Percentage of final salary for each year of pensionable service (top management): Persentasie van finale salaris vir elke jaar van pensioengewende diens (topbestuur): Less than 1,67/Minder as 1,67 1 1,67 (l!oo) 3 2 1,82 (l!ss) ,00 (I/50) ,22 (1/45) ,50 C1/4o) More than 2,50/Meer as 2, Participants/ Deelnemers

$Total Finan- l\ I anu factu ri ng/v ervaardiging Services Con- Co-ope- Corpo- \Vholesale Conglo- Mi- Government Local Profe:-r cia\ Capital goods Consumer goods struction ration ration and retail$

45 Total Finan- l\ I anu factu ri ng/v ervaardiging Services Con- Co-ope- Corpo- \Vholesale Conglo- Mi- Government Local Profe:-r cia\ Capital goods Consumer goods struction ration ration and retail merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- Ko01>e- Korpo- Groot-en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

46 Annual premium less Annual premium between Annual premium mort' International :-.l'on-intemational than R RSOO 000 and R2 million than R2 million affiliation affiliation jaarpremie kleiner jaarpremie tussen Jaarpremie grater lntemasionale Nie-intemasionale as RSOO 000 RSOO 000 en R2 miljoen as,r2 miljoen verbintenis 6.7 Percentage of final salary for each year of pensionable service (other): Persentasie van finale salaris vir elke jaar van pensioengewende diens (ander): Less than 1.67/Minder as 1, (1/60) 7 1 1,82 (1/ss) ,00 (lfso) (1!45) ,50 (1/4ol More than 2.50/Meer as 2, Participants/ Deelnemers Funds where a sliding scale is applicable: Fondse waar 'n wisselskaal van toepassing is: 3 verbintenis Funds/ Fondse Participants/ Deelnemers Pension limited to a maximum at retirement: Pensioen beperk tot 'n maksimum by aftrede: Funds/ Fondse Participants/Deelnemers

47 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer good s struction ration ration and retail merate ning and semi-state authori ty sional Totaal Finan- Kapitaal- Verbndkers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere slruksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

6.10 Type of maximum pension (top management): Tipe maksimum pensioen (topbestuur): An nual premium less Annual premium bt:twet'n Anu<~l prl"'mium mort lntcmational Non-inlt mational than R500 000

48 6.10 Type of maximum pension (top management): Tipe maksimum pensioen (topbestuur): An nual premium less Annual premium bt:twet'n Anu<~l prl"'mium mort lntcmational Non-inlt mational than R RSOO 000 and R2 million than R2 million affiliation <1ffiliation Jaarpremie kleiner Jaarpremie tussen Jaarpremie groter lntemasionale Nie-internasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 mi]joen verbintenis verbintenis Percentage of final salary / Persentasie van finale salaris An amount/'n Bedrag 5 3 Other/ Ander Participants/Deelnem ers Type of maximum pension (other): Tipe maksimum pensioen (ander): Percentage of final salary /Persentasie van finale salaris An amount/'n Bedrag 5 3 Other I Ander Par ticipants/deelnemers Percentage of final salary (top management): P ersentasie van finale salaris (topbestuur): More than 100/Meer as ' _, and less/30 en minder Participants/Deelnemers

49 Capital goods goedere Services Dienste Total Financia I Totaal Finansieel Manu.fucluti ng/vervaardiging Consumer goods Kapitaalgoedere Verbruikers Construction Konstruksie o-oc~ - Corpo- Wholesale Conglo ration ration and relail merate KoOpe- Korpo- Groot- en Konglorasie rasie kleinhandel meraat Government and semi-state Staat en semi-staal Local authority Plaaslike owerheid Mining Mynbou Professional Professioneel JOQ

6.13 Percentage of final salary (other): Persentasie van finale salaris (ander): Annual premium less Annual premium between Annual premium more International ~on - international than R500 000 RSOO

50 6.13 Percentage of final salary (other): Persentasie van finale salaris (ander): Annual premium less Annual premium between Annual premium more International ~on - international than R RSOO 000 and R2 million than R2 million affiliation affiliation Jaarpremie kleiner jaarpremie tussen Jaarpremie groter lnternasionale Nie-internasionale as RSOOOOO R en R2 miljoen as RZ miljoen verbintenis verbintenis More than 100/Meer as ~ ~ ~ and less/30 en minder Participants/Deelnemers Pension subject to a minimum: Pensioen onderhewig aan 'n minimum: Funds/ Fondse Participants/Deelnemers Type of minimum pension (top management): Tipe minimum pensioen (topbestuur): Percentage of fmal salary /Persentasie van finale salaris An amount/'n Bedrag Other/Ander Participants/Deelnemers

$and semi-state authority sional Totaal Finan- Kapitaa\- Verbruikers- Diensle Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Slaat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel$

51 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescial Capital goods ConSllmer goods struction ration ration and retail merale ning and semi-state authority sional Totaal Finan- Kapitaa\- Verbruikers- Diensle Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Slaat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-stlal owerheid sioneel

6.16 Type of minimum pension (other): Tipe minimum pensioen (ander): Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 R500 000 and R2

52 6.16 Type of minimum pension (other): Tipe minimum pensioen (ander): Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 R and R2 miuion than R2 million affilialion affiliation jaarpremie kleiner Jaarpremie tussen jaarpremie groter lnternasionale Nie-internasionale as RSOO 000 RSOO 000 en R2 miljoen as R2111iljoen verbintenis verbintenis Percentage of final salary /Persentasie van finale salaris An amount/'n Bedrag Other I Ander Participants/Deelnemers Percentage of final salary (top management): Persentasie van finale salaris (topbestuur): More than 75/Meer as ~ ~ and less/20 en minder Participants/Deelnemers Percentage of final salary (other): Persentasie van finale salaris (ander): More than 75/Meer as and less/20 en minder Participants/Deelnemers

53 Total Finan- Manufacturing/Vervaard iging Services Con- Co-ope- Corpo Wholesale Conglo- Mi- Govern ment Local Profescia! Capital goods Consumer goods struction ration ration and retail merate ning and semi-state au thority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie kleinhandel meraat bou semi-st.aat owerheid sioneel !

6.19 Minimum term of service required for a minimum pension: Minimum dienstermyn benodig vir 'n minimum pensioen: Annual premium less Annual premium between Annual premium more lnlemalional

54 6.19 Minimum term of service required for a minimum pension: Minimum dienstermyn benodig vir 'n minimum pensioen: Annual premium less Annual premium between Annual premium more lnlemalional Non-international than R R and R2 million than R2 million affiliation aflilialion jaarpremie kleiner jaarpremie tussen jaarpremie groler Internasionale Nie-inlcrnasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbinlenis verbinlenis Funds/ Fondse Participants/ Deelnemers Minimum service: Minimum dienstermyn: Less than 5 years/minder as 5 jaar to 9 years/5 tot 9 jaar to 14 years/10 tot 14 jaar to 19 years/15 tot 19 jaar years and more/20 jaar en meer Participants/ Deelnemers

55 50 Total Finan- Ma.nufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Govemment Local Profescia\ Capilal goods Consumer goods stmction ration ration and reta il merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbm ikers- Oiensle Kon- KoOpe- Korpo- Groot- en Konglo- Myn Staat en Plaaslike Professieel goedere goedere struksie rasie rasie kleinhandel meraal bou semi-staat owerheid sioneel

56 Section 7 Afdeling 7 Early and late retirement Vroee en laat aftrede 7.1 Early retirement for reasons other than ill health Annual premium IC's~ Annual premium b<'tween Annual premium more than R RSOO 000 and R2 million than R2 million Jaarpremie kleiner Jaarpremie tussen Jaarpremie groter as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen Vroee aftrede weens ander redes as swak gesondheid Funds that provide for early retirement: Fondse wat vroee aftrede toelaat: Funds/ Fondse Participants/Deelnemers Number of years that early retirement may precede normal retirement: 95 40! Aantal jare wat vroee aftrede die normale aftrede mag voorafgaan: Less than 5 years/minder as 5 jaar 5 years/5 jaar 6 to 9 years/6 tot 9 jaar 10 years and more/10 jaar en meer Participants/Deelnemers Pension based on pensionable service till: Pensioen gebaseer op pensioengewende diens tot: Early retirement date/vroee aftreedatum Normal retirement date/normale aftreedatum Other I Ander Participants/Deelnemers International Non-international affiliation affiliation lnternasionale Nie-internasionale verbintenis verbintcnis I

57 52 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer goods st:ruction ration ration and relltil merate ning and semi-slate aull10rity sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

7.1.4 Basis of reduction (top management): fjasis van vermindering (topbestuur): Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 RSOO 000

58 7.1.4 Basis of reduction (top management): fjasis van vermindering (topbestuur): Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 RSOO 000 and R2 million than R2 million affiliation affiliation J aarpremie kleiner J aarpremie tussen Jaarpremie grater Intemasionale Nie-intemasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis No reduction/ Geen vermindering Actuarial basis/ Aktuariele basis Fixed percentage/vaste persentasie Fluctuating percentage/wisselende persentasie Participants/Deelnemers Basis of reduction (other): Basis van vermindering (ander): No reduction/ Geen vermindering Actuarial basis/ Aktuariele basis Fixed percentage/vaste persentasie Fluctuating percentage/wisselende persentasie Participants/Deelnemers Fixed percentage reduction (to p management): Vaste persentasie-vermindering (topbestuur): 1f2 per month or more/lf2 per maand of meer /12 per month/2 per maand fs per month/2fs per maand /3 per month/iij per maand lj4 per month or less/1/ 4 per maand of minder Participants/Deelnemers

59 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer goods struction ration ration and retail merate ning and semi-state authority sional Totaal F"man- Kapitaal- Verbntikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staal en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

$I~ Annual prl mium k\<s Annual premium betwl t'n Annual pn mium mcirc lntrmational Non intemational th:m R500 OliO R5<Xl 000 am!$

60 I~ Annual prl mium k\<s Annual premium betwl t'n Annual pn mium mcirc lntrmational Non intemational th:m R500 OliO R5<Xl 000 am! million than R2 mill inn affil iation affi liation Jaarprernic klcincr Jaarprcmic tusscn Jaarpre mie groter lntcmasionale Nie-intemasionale as RSOOOOO RSOO 000 e n R2 rniljocn as R2 miljoen ve rbintenis verbintenis Fixed perccqt:age reduction (oll cr): Vaste persentasie-vermindering (ander): 'h per month or moreflh per maand of meer J2 per monlb/ 5/12 per maand fs per month/ 2/s per maand lfj per month/1/3 per maand lj4 per month or less/ 1NX. per maand of minder Participants/Deelnerners Early retirement as a result of ill health Vroee aftrede weens swak gesondheid Funds that provide for early retirement: Fondse wat vroee aftrede toelaat: Funds/ Fondse Participants/Deelnemers Number of years that early retirement may precede normal retirement: AantaJ jare wat vroee aftrede die normale aftrede mag voorafgaan: Less than 5 years/minder as 5 jaar 11 II 12 II 12 5 years/5 jaar to 9 years/6 tot 9 jaar years and more/10 jaar en meer Participants/Deelnemers

$~- TouJ..., '"""'"',...,.. kleinlwldtl '"' Finan- \tanufik tu rin ~t /Ve~rdi~"i: So;-.-. kn Coo Co-<.>t)(' Con» l'on~:ln G ov, nu<jo:fll l'ruft- l:.lipnci ~ C o w. wtl' r ".0.$

61 ~- TouJ..., '"""'"',...,.. kleinlwldtl '"' Finan- \tanufik tu rin ~t /Ve~rdi~"i: So;-.-. kn Coo Co-<.>t)(' Con» l'on~:ln G ov, nu<jo:fll l'ruft- l:.lipnci ~ C o w. wtl' r ".0. Un>r\0011 ralion "'"II' Kap;taal- Vffilruike.-.. Koo._. """"' Grool-'"" _.. """" ,~,-.dna :ruth.. rill """" Myn- SWim l'lailsli~ l'rok> boo "' II II "

7.2.3 Pension based on service till: Pensioen gebaseer op diens tot: Annual premium less Annual premium bnween Annual premium more Int~mational Non-intt:mational than R500 000 RSOO 000 and R2 million

62 7.2.3 Pension based on service till: Pensioen gebaseer op diens tot: Annual premium less Annual premium bnween Annual premium more Int~mational Non-intt:mational than R RSOO 000 and R2 million lhan R2 million affiliation affiliation jaarpremie kleiner jaarpremie tussen Jaarpremie groter Internasionale Nie-intemasionale as RSOOOOO RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Date of retirement/datum van aftrede Normal retirement date/normale aftreedatum Other I Ander Participants/Deelnemers Basis of reduction: Basis van vermindeting: None/Geen Actuarial basis/ Aktuariele basis Fixed percentage/vaste persentasie Fluctuating percentage/wisselende persentasie Participants/Deelnemers Fixed percentage reduction: Vaste persentasievermindeting: lf2 per month or moreflfz per maand of meer Sftz per month/5f12 per maand 8 4 2/.1 per month/zfs per maand /3 per monthflf3 per maand /4 per month or less(l(4 per maand of minder Participants/Deelnemers

63 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia! Capital,goods Consumer goods struction ration ration and retail merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staal en Plaaslike Professieel goedere goedere stn.1ksie rasie rasie klein handel meraat bou semi-staal owerheid sioneel

7.3 te retirement Laataftrede 7.3.1 Funds that allow late retirement: Fondse wat laat aftrede toelaat: Annual premium less Annual premium between Annual premium more International Non-international

64 7.3 te retirement Laataftrede Funds that allow late retirement: Fondse wat laat aftrede toelaat: Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 R and R2 million lhan R2 million affiliation affiliation Jaarpremie kleiner Jaarpremie tussen jaarpremie groter lnternasionale Nie-intemasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Funds/ Fondse Participants/Deelnemers Waiver of contributions after normal retirement date: Voortsetting van bydraes na normale aftreedatum: Funds/ Fondse Participants/Deelnemers Service after normal retirement date regarded as pensionable service: Diens na die normale aftreedatum gereken as pensioengewende diens: Funds/ Fondse Participants/ Deelnemers Final average salary calculated till: Finale gemiddelde salaris bereken tot: Normal retirement date/normale aftreedatum Actual retirement date/werklike aftreedatum Participants/ Deelnemers

$Total Finan- Manufacturing/Vervaardiging Se1vices Con- Co-<>pe- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods st:ruction ration ralion <md retail merate ning$

65 Total Finan- Manufacturing/Vervaardiging Se1vices Con- Co-<>pe- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods st:ruction ration ralion <md retail merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Pro(essieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel GO

7.3.S Increase of normal retirement pension: Verhoging van normale aftredepensioen: Annual premium less Utan RSOO 000 Jaarpremie kleiner as 1~50 000 None/Geen 16 Actuarial basis/ Aktuariele basis 16

66 7.3.S Increase of normal retirement pension: Verhoging van normale aftredepensioen: Annual premium less Utan RSOO 000 Jaarpremie kleiner as 1~ None/Geen 16 Actuarial basis/ Aktuariele basis 16 Pension increases granted/pensioenverhogings toegestaan 7 Fixed percentage/vaste persentasie 61 Fixed percentage pius pension increases/ Vaste persentasie plus pensioenverhogings Other I Ander Participants/Deelnemers 31 Annual premium between RSOO 000 and R2 million Jaarpremie tussen RSOO 000 en R2 mi\joen Fixed percentage increase in pension if contributions are continued: Vaste persentasie vermeerdering in pensioen indien bydraes. voortgesit word: 1 per month or more/1 per maand of meer per month/ per maand ljz per month/1/z per maand lj4 per month or less/lf4 per maand of minder Participants/Deelnemers Fixed percentage increase in pension if contributions cease: Vaste persentasie vermeerdering in pensioen indien bydraes gestaak word: 1 per month or more/1 per ma,od of meer per month/ per maand 1iz per month/1iz per maand l(4 per month or lessfl/4 per maand of minder Participants/Deelnemers Annual premium more than R2 million Jaarpremie groter as R2 miljoen International Non-international affiliation affiliation Internasionale Nie-intemasionale verbintenis verbintenis

$Total Finan- Manufactuling/ Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Con~umer goods struction ration ration and re1ail mcrale ning$

67 Total Finan- Manufactuling/ Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Con~umer goods struction ration ration and re1ail mcrale ning and semi-stale authority sional Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel i

Section 8 Afdeling 8 Increase in pensions Verhoging in pensioene Annual premium less than RSOO 000 jaarpremie kleiner as R500 000 8.

68 Section 8 Afdeling 8 Increase in pensions Verhoging in pensioene Annual premium less than RSOO 000 jaarpremie kleiner as R Funds that provide pension increases: Fondse wat pensioenverhogings voorsien: Funds/ Fondse 68 Participants/Deelnemers 8.2 Basis of pension increases: Basis van pensioenverhogings: None/Geen Fixed percentage/vaste persentasie Ad hoc Ad hoc with minimum/ Ad hoc met minimum Rate declared by assurer /Koers deur versekeraar verklaar Combination of above/kombinasie van bogenoemde Participants/Deelnemers 8.3 Average increases granted (1989): Gemiddelde verhogings toegestaan (1989): ,1-7 7,1-9 9, , , ,1 and more/15,1 en meer Participants/Deelnemers 26 Annual premium between 1~ and R2 mjllion Jaarpremie tussen RSOO 000 en R2 miljoen Annual premium more International Non-inte-rnational than R2 million affiliation affiliation Jaarpremie grater Intemasionale Nie-intemasionale as R2 miljoen verbintenis verbintenis I I I

Total Co n ~ wn cr ~ ional Finan- Manufatlurinsr,/Vervaardiging Servict.>s Con- CO-OJX'- Corpo- Wholesale Conglo- 1-li- Govcrnmtnt Local Profescia! Capital goods goods c:tn ction ration ration an.

69 Total Co n ~ wn cr ~ ional Finan- Manufatlurinsr,/Vervaardiging Servict.>s Con- CO-OJX'- Corpo- Wholesale Conglo- 1-li- Govcrnmtnt Local Profescia! Capital goods goods c:tn ction ration ration an.j retail m('ratc ning and semi...;;tate authority Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

8.4 Average increases granted (1990): Gemiddelde verhogings toegestaan (1990): Annual premium less Annual premium between Annual premium more International Non intemat.

70 8.4 Average increases granted (1990): Gemiddelde verhogings toegestaan (1990): Annual premium less Annual premium between Annual premium more International Non intemat.ional than RSOO 000 R and R2 million than R2 million affiliation affiliation JaanJre mie kleiner jaarpremie tussen Jaarpremie groter lntemasionale Nie-inlemasionale as RSOO 000 RSOO 000 en R2 miljoen a.<; H2 miljoen verbintenis verbintenis 0 ~ ,1 ~ ,1 ~ ,1 ~ , ,1 ~ ,1 and more/15,1 en meer Participants/Deelnemers Average increases granted (1991): Gemiddelde verhogings toegestaan (1991): ,1 ~ 7 1 7,1 ~ , , ,1 ~ ,1 and more/15,1 en meer Participants/Deelnemers

$Total Pi nan- Manufacluring/Vervaardiging Services Con- Co-ope- Corpo- \.Vholesale Conglo- Mi- Government Local Profescia!$

71 Total Pi nan- Manufacluring/Vervaardiging Services Con- Co-ope- Corpo- \.Vholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer goods struction ration ration and retail merate ning and semi-state authority sional Tolaal Finan- l(apitaal- Verbn.1ikers- Dienste Kon- KoOpe- l<orpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie kleinhandel meraat bou semi-staat owerheid sioneel l

Annual premium less Annual premium between Annual premium more lntcmalional Non-international than R500 000 R500 000 and R2 million than R2 million affiliation affiliation Jaarpremie kleiner

72 Annual premium less Annual premium between Annual premium more lntcmalional Non-international than R R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner Jaarpremie tussen Jaarpremie groter Intemasionale Nie-internasionale as RSOO 000 RSOO 000 en R2 miljoen as F2 miljoen verbintenis verbintenis 8.6 Pension increases foreseen for the future ( increase in consumer price index): Pensioenverhogings voorsien vir die toekoms ( Styging in verbruikersprysindeks): Less than 50/Minder as Participants/Deelnemers 8.7 Additional increases granted (past 3 years): Addisionele verhogings toegestaan (afgelope 3 jaar): Funds/ Fondse Participants/Deelnemers

$Total Finan Manufacruring/Vervaardiging Se1vin s Con Co-ope- Corpo- \Vholcsale Conglo- Mi Gov( rnmcnt Local Profescia\ Capi l<ll goods ConsumC'r goods stmction ration ration and retail merate ning$

73 Total Finan Manufacruring/Vervaardiging Se1vin s Con Co-ope- Corpo- \Vholcsale Conglo- Mi Gov( rnmcnt Local Profescia\ Capi l<ll goods ConsumC'r goods stmction ration ration and retail merate ning andst-mi-st.."\te authority "ional Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professiccl goedere goedere st.ruksie rasie rasie kleinhandel meraat bou semi-staat owerheid sionccl

$meer as ee>l antwoord moontlik) Lump stun payment/enkelbedragbetaling 87 98 Widow's pension/weduweepensioen 69 72 \Vi dower's pension/ Wewenaarspensioen 33 49 Children's pension/ IGnderpensioen 59 68$

74 Section 9 Afdeling 9 Death benefits prior to retirement Sterftevoordele voor aftrede 9.1 Benefits at death:!more than one answer possible) Voordele by sterft:e:!meer as ee>l antwoord moontlik) Lump stun payment/enkelbedragbetaling Widow's pension/weduweepensioen \Vi dower's pension/ Wewenaarspensioen Children's pension/ IGnderpensioen Widow's/ widower's pension at remarriage: Weduwee-/wewenaarspensioen by hertroue: Unchanged/Onveranderd Halved/ Gehalveer 4 I Terminated/ Gestaak 16 9 Participants/Deelnemers Annual premium less Annual premium between Annual premium more International than RSOO 000 R and R2 million than R2 million affiliation jaarpremie kleiner Jaarpremie tussen Jaarpremie grater lntem asionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis Only lump sums (including lump sums under separate schemes) paid at death Members with dependants (Top management - males): Slegs enkelbedrae (ook enkelbedrae onder aparte skemas) by sterft:e betaal Lede met afhanklikes (Topbestuur- mans): 1 x salar y I 1 x salaris 2 x salar y /2 x salaris 18 lo 3 x salar y /3 x salaris x salary/4 x salaris x salary /5 x salaris x salary /6 x salaris More than 6 x salary/ Meer as 6 x salaris 8 15 Depending on years of service/ Afhanklik van diensjare Participants/Deelnem ers ll Non-international affiliation Nie-internasionale verbintenis

75 Total Financia! Manufacturing/Vervaardiging CapitaJ goods Totaal Finansieel Kapitaalgoedere Services Dienste Wholesale and retail Groot- en klein handel Mi- Government ning and semi-state Myn- Staat en bou semi-staat Local auth01ity Plaaslike owerheid Consumer goods Verbruikersgoedere Constn ction Konst11.1ksie Co-operation KoOperasie Corporation Korporasie Conglomerate Konglomeraat Professional Professioneel

Annual premium les~ Annual prrrnium between Annual premium more International Non-international than R500 000 RSOO 000 and R2 million than R2 million affiliation affiliation jaarpremle kleiner

76 Annual premium les~ Annual prrrnium between Annual premium more International Non-international than R RSOO 000 and R2 million than R2 million affiliation affiliation jaarpremle kleiner Jaarpremie tussen Jaarpremie groter Internasionale Nie-intemasionale as R R en R2 miljoen as R2 miljoen verbintenis verbintenis 9.4 Only lump sums (including lump sums under separate schemes) paid at death Members with dependants (Top management - females): Slegs enkelbedrae (ook enkelbedrae onder aparte skemas) by sterfte betaal Lede met afhanklikes (Topbestuur - dames): I x salary /I x salaris x salary /2 x salaris x salary /3 x salaris 6 4 x salary /4 x salaris x salary /5 x salaris x salary /6 x salaris 18 More than 6 x salary /Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Participants/ Deelnemers Only lump sums (including lump sums under separate schemes) paid at death Members without dependants (Top management - males): Slegs enkelbedrae (ook enkelbedrae onder aparte skemas) by sterfte betaal Lede sonder afhanldikes (Topbestuur- mans): I x salary / I x salaris x salary /2 x salaris x salary /3 x salaris x salary /4 x salaris x salary /5 x salaris x salary /6 x salaris More than 6 x salary /Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare 4 4 Participants/Deelnemers

77 Total Finan- Manufacturing/Vervaard iging Services Con- Co-ope- Corvo- Wholesale Conglo- M i- Government Local Profescia! Capital goods Consumer goods struction ration ration and retail rncratc ning and S('mi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie kleinhandel meraat bou semi-staat owerheid sioneel

Annual premium less Annual premium between Annual prl'mium more International Non intcmational than RSOO 000 R500 000 ami R2 million lhan R2 million affiliation affiliation jaarpremie kleiner

78 Annual premium less Annual premium between Annual prl'mium more International Non intcmational than RSOO 000 R ami R2 million lhan R2 million affiliation affiliation jaarpremie kleiner Jaarpremie tussen jaarpremie groter lntemasionale Nie-intemasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis 9.6 Only lump sums (including lump sums under separate schemes) paid at death Members without dependants (Top management - females): Slegs enkelbedrae (ook enkelbedrae onder aparte skemas) by sterfte betaal Lede sonder afhanklikes (Topbestuur - dames): I x salary / I x salaris 2 x salary /2 x salaris 3 x salary /3 x salaris 4 x salary I 4 x salaris 5 x salary /5 x salaris 6 x salary /6 x salaris More than 6 x salary / Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Participants/ Deelnemers Only lump sums (including lump sums under separate schemes) paid at death Members with dependants (Other - males): Slegs enkelbedrae (ook enkelbedrae onder aparte skemas) by sterfte betaal Lede met afhanklikes (Ander - mans): I x salary / I x salaris 2 x salary /2 x salaris 25 3 x salary /3 x salaris 8 4 x salary I 4 x salaris 25 5 x salary /5 x salaris 42 6 x salary /6 x salaris More than 6 x salary/meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Participants/Deelnemers II

79 Total Finan- Manufactuling/Vervaar<liging Services Con- Co-ope- Corpo- Wholesale Congl<r Mi- Government Local Profey cia! Capital goods Consmner goods stn Jction ration ration and retail mcrale ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staal en Plaaslike Professieel goedere goedcre struksie rasie rnsie klein handel meraat bou semi-slaat owerheid sioneel

75 Annual premium less Annual premium brtween Annual premium more lntt>mational than R500 000 RSOO 000 and R2 million than R2 million affiliation Jaarpremie kleiner Jaarpremie tussen.

80 75 Annual premium less Annual premium brtween Annual premium more lntt>mational than R RSOO 000 and R2 million than R2 million affiliation Jaarpremie kleiner Jaarpremie tussen.j aarpremie groter lntemasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis 9.8 Only lump sums (including lump sums under separate schemes) paid at death Members with dependants (Other - females): Slegs enkelbedrae (ook enkelbedrae onder aparte skemas) by sterfte betaal Lede met afhanklikes (Ander - dames): I x salary / I x salaris 4 2 x salary /2 x salaris x salary /3 x salaris x salary I 4 x salaris x salary /5 x salaris x salary /6 x salaris More than 6 x salary /Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Non-inh::mational affiliation Nie-intemasionale verbintenis Participants/Deelnemers Only lump sums (including lump sums under separate schemes) paid at death Members without dependants (Other - males): Slegs enkelbedrae (ook enkelbedrae onder aparte skemas) by sterfte betaal Lede sonder afhanklikes (Ander- mans): 33 I x salary / I x salaris x salary /2 x salaris x salary /3 x salaris x salary I 4 x salaris x salary /5 x salaris x salary/6 x salaris 8 5 More than 6 x salary /Meer as 6 x salaris Depending on years of service/ Afhan klik van diensjare Participants/Deelnemers

81 Total Finan- Manufacturing/Veivaardiging Se1vices Con- Co-ope- Cocpo- Wholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer goods struction ration ration and retail merate ning and semi-state authotity sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

Annual premium le:-;s Annual premium belween Annual premium more International Lhan RSOO 000 RSOO 000 and R2 million than R2 million affiliation Jaarpremie kleiner Jaarpremie tussen Jaarpremie groler

82 Annual premium le:-;s Annual premium belween Annual premium more International Lhan RSOO 000 RSOO 000 and R2 million than R2 million affiliation Jaarpremie kleiner Jaarpremie tussen Jaarpremie groler lnlernasionale as RSOOOOO RSOO 000 en R2 miljoen as F2 miljoen verbintenis 9.10 Only lump sums (including lump sums under separate schemes) paid at death Members without dependants (Other - females): Slegs enkelbedrae (ook enkelbedrae onder aparte skemas) by sterfte betaal Lede sonder afhanklikes (Ander- dames): I x salary / 1 x salaris 2 x salary / 2 x salaris 3 x salar y /3 x salaris 4 x salary I 4 x salaris 5 x salar y /5 x salaris 6 x salary / 6 x salaris More than 6 x salary /Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Participants/ Deelnemers 9.11 Lump sum paid together with a widow's/widower's pension Members with dependants (Top management - males): Enkelbedrag saam met 'n weduwee-/wewenaarspensioen betaal Lede met afhanklikes (fopbestuur- mans): 1 x salary /1 x salaris x salary /2 x salaris x salary /3 x salaris x salary I 4 x salaris x salary/5 x salaris x salary /6 x salaris 2 More than 6 x salary /Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Participants/ Deelnemers I Non-inlemational affiliation Nie-internasionale verbintenis I

Total Finan- Manufacturing/Vervaardiging Se1vices Con Co-ope- Coqxr Wl1oh::sale Conglo- Mi GoVl'mm<:nt Local Profescia! Capital goods Consumer goods stnj<.

83 Total Finan- Manufacturing/Vervaardiging Se1vices Con Co-ope- Coqxr Wl1oh::sale Conglo- Mi GoVl'mm<:nt Local Profescia! Capital goods Consumer goods stnj<.'lion ration ration and retail me rate ning and semi-stale authority sional Totaal Finan- Kapitaal- Verbruiker::;- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

Annual premium less Annual prt"mium bt-twt <'n Annual premium mort than H500 000 R~J 000 and R2 million U1an R2 million Jaarpremie kleiner jaarpremie tussen as R500 000 RSOO 000 en R2 miljoen 9.

84 Annual premium less Annual prt"mium bt-twt <'n Annual premium mort than H R~J 000 and R2 million U1an R2 million Jaarpremie kleiner jaarpremie tussen as R RSOO 000 en R2 miljoen 9.12 Lump sum paid together with a widow's/ widower's pension Members with dependants (fop management - females): Enkelbedrag saam met 'n weduwee-/wewenaarspensioen betaal Lede met afhanklikes (fopbestuur - dames): 1 x salary I 1 x salaris 2 x salary / 2 x salaris 3 x salary / 3 x salaris 4 x salary I 4 x salaris 5 x salary /5 x salaris 6 x salary /6 x salaris More than 6 x salary / Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Participants/ Deelnemers 9.13 Lump sum paid together with a widow's/widower's pension Members without dependants (fop management - males): Enkelbedrag saam met 'n weduwee-/ wewenaarspensioen betaal Lede sonder afhanklikes (fopbestuur- mans): I x salary/! x salaris x salary / 2 x salaris x salary /3 x salaris x salary I 4 x salaris x salary /5 x salaris x salary / 6 x salaris 2 More than 6 x salary / Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare 6 Participants/Deelnemers j aarpremie groter as R2 miljoen I Intt rnational :-.;on-intt:mational affiliation affiliation lntemasionale Nie-intem asionale verbintenis verbintenis I I

Total Finan Manufacturing/Vervaard iging Services Con Co-ope- Corpo- Wholesale Conglo- Mi Government Local Profescia! Capita] goods Consumer goods struction ration ration and retail me rate ning and!

85 Total Finan Manufacturing/Vervaard iging Services Con Co-ope- Corpo- Wholesale Conglo- Mi Government Local Profescia! Capita] goods Consumer goods struction ration ration and retail me rate ning and!';cmi slate authority sional Totaal Finan Kapitaal Verbruikers Dienste Kon Koi::ipe- Korpo Groot en Konglo- Myn Staat en Plaaslikc Professieel goedere goedere struksie rasie rasie klein handel meraat bou scmi staat owerheid sioneel

86 Annual pn mium k... s Annual prt'mium bt twl'('ll Annual premium more than R.SOO 000!{.')()() 000 and R2 million than R2 million j aarpremie kleiner Jaarpremie tussen Jaarpremie groter as R R en R2 miljoen as R2 miljoen 9.14 Lump sum paid together with a widow's/widower's pension Members without dependants (fop management - females): Enkelbedrag saam met 'n weduwee-/wewenaarspensioen betaal Lede sonder afhanklikes (fopbestuur - dames): 1 x salary / I x salaris 2 x salary /2 x salaris 3 x salary /3 x salaris 4 x salary I 4 x salaris 5 x salary /5 x salaris 6 x salary / 6 x salaris More than 6 x salary /Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Participants/ Deelnemers 9.15 Lump sum paid together with a widow's/widower's pension Members with dependants (Other - males): Enkelbedrag saam met 'n weduwee-/ wewenaarspensioen betaal 18 Lede met afhanklikes (Ander - mans): 1 x salary /1 x salaris x salary /2 x salaris x salary / 3 x salaris x salary/4 x salaris x salary / 5 x salaris x salary /6 x salaris More than 6 x salary /Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Participants/Deelnemers I lnlf m;1tional 1\n-inl~:-mational affiliation affiliation lntemasionale Nie-.internasionale verbintenis verbintenis

Scrvirc~ Total Pi nan- Manufacluring/Vervaardiging Con- Co-ope- Corpo- Wlwlesale Conglcr Mi- Government Local Profesdal Capital goods Consumer goods struclion rntion ration and n lail merate ning and

87 Scrvirc~ Total Pi nan- Manufacluring/Vervaardiging Con- Co-ope- Corpo- Wlwlesale Conglcr Mi- Government Local Profesdal Capital goods Consumer goods struclion rntion ration and n lail merate ning and S<:'mi-statf' autholity sional Totaal Finan- Kapitaal Verbmikers- Dienste Kon KoOpe- Koi])O- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie kleinhandel meraat bou semi-staat owerheid sioneel

Annual premium less Annual pn mium bdwl~n Annual prl'mium more lntcmational Non-international lhan RSOO 000 R500 000 and R2 million than R2 million Jaarpremie kleiner j aarpremie tussen as RSOO 000

88 Annual premium less Annual pn mium bdwl~n Annual prl'mium more lntcmational Non-international lhan RSOO 000 R and R2 million than R2 million Jaarpremie kleiner j aarpremie tussen as RSOO 000 R en R2 miljoen 9.16 Lump sum paid together with a widow's/widower's pension Members with dependants (Other- females): Enkelbedrag saam met 'n weduwee-/wewenaarspensioen betaal Lede met athanklikes (Ander - dames): 1 x salary/! x salaris 2 x salary /2 x salaris 3 x salary /3 x salaris 4 x salary I 4 x salaris 5 x salary /5 x salaris 6 x salary / 6 x salaris More than 6 x salary / Meer as 6 x salaris Depending on years of service/ AfhankUk van diensjare Participants/Deelnemers 9.17 Lump sum paid together with a widow's/widower's pension Members without dependants (Other- males): Enkelbedrag saam met 'n weduwee-/wewenaarspensioen betaal Lede sonder athanklikes (Ander - mans): 1 x salary / 1 x salaris x salary /2 x salaris x salary /3 x salaris x salary I 4 x salaris x salary /5 x salaris 4 6 x salary /6 x salaris More than 6 x salary/meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare 6 Participants/Deelnemers Jaarpremie groter as R2 miljoen affiliation affiliation Intemasionale Nie-intemasionale verbinte nls verbintenis

89 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Govtmment Local Profesdal Capilal good!-; Consumer goods struction ration ralion and retail me rate njng and semi-state authority ~ional Totaal Finan- Kapitaal- Verbn1ikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Profcssieel goedere goedere struksie rasie rasie klein handel mcraat bou semi-staat owerheid sioneel II

than R!iOO 000 R500 000 and R2 million than ~milion 9.

90 than R!iOO 000 R and R2 million than ~milion 9.18 Lump sum paid together with a widows/ widower's pension Members without dependants (Other - females): Enkelbedrag saam met 'n weduwee-/wewenaarspensioen betaal Lede sonder afhanklikes (Ander - dames): 1 x salary /1 x salaris 2 x salary /2 x salaris 3 x salary /3 x salaris 4 x salary I 4 x salaris 5 x salary /5 x salaris 6 x salary /6 x salaris More as 6 x salary /Meer as 6 x salaris Depending on years of service/ Afhanklik van diensjare Participants/Deelnemers 9.19 Widows/widower's pension calculated as: Weduwee-/wewenaarspensioen bereken as: of member's salary/ van lid se salaris of expected pension/ van verwagte pensioen Participants/Deelnemers 9.20 Percentage of salary: Persentasie van salaris: Less than 30/Minder as More than 50/Meer as 50 Participants/Deelnemers 1\nnual prt miwult ss Annual pn mium bctwl l'll Annual premium mor( affiliation affiliatirm Jaarpremie kleiner Jaarpremie tussen jaarpremie grater lntemasionale Nie-intemasionale as R R en R2 miljoen as R2 miljoen verbintenis verbintenis I l nt~ma t ional!':on-intt rnational I I

Total Finan- Manufacturing/ Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo-- Mi- Government Local Profescial Capital goods Consumer goods struction ration ration and retail merate ning

91 Total Finan- Manufacturing/ Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo-- Mi- Government Local Profescial Capital goods Consumer goods struction ration ration and retail merate ning and ~mi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere s tntksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

92 9.21 Percentage of expected pension: Persentasie van verwagte pensioen: Annual prf.'mium lt:ss Annual premium betv.t-~ n Annual prc'mium more International than R;)OO 000 RSOO 000 and R2 million than R2 million affiliation Jaarpremie kleiner jaarpremie tussen Jaarpremie grater Internasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis Less than 50/Minder as 50 I More than 60/Meer as Participants/Deelnemers Children's pension per child as a percentage of widow's/widower's pension (based on salary): Kinderpensioen per kind as 'n persentasie van weduwee-/wewenaarspensioen (gebaseer op salaris): 10 or less/10 of minder More than 25/Meer as Participants/ Deelnemers :\on-intl:malional affiliation Nie-intemasionale verbinten is I

93 Total Finan- Manufact.uring/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer goods slntction ration ration and retail me rate ning and semi-state authority sional Tot.aal Finan- Kapitaal- Verbru ikers- Dienste Kon- Koope- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

94 Annual pn mium ll -.-; Annual prl'miumlx tw! ( n Annual pn mium nmn lntt rnational :-Jon-intf m<1tinnal than RSOO I.ICKI R5()0 f)(mj and R2 million than 1<2 million ;tlfiliation affiliatitm jaarpremie kleiner Jaarpremie tussen Jaarpremie groler lntemasionale Nic-intemasionale as HSOO 000 nsoo 000 en R2 miljoen as R2 miljoen verbintenis verbintenis 9.23 Children's pension per child as a percentage of widow's! widower's pension (based on expected pension): Kinderpensioen per kind as 'n persentasie van weduwee-/wewenaarspensioen (gebaseer op verwagte pensioen): 10 or less/10 of minder More than 25/Meer as Participants/ Deelnemers Maximum number of children: Maksimum aantal kinders: 1 child/! kind I 3 2 children/2 kinders children/3 kinders children/ 4 kinders More than 4 children/ Meer as 4 kinders Participants/Deelnemers Description of a dependent child:!more than tme answer possible! Beskrywing van 'n afhanklike kind: (Meer as..,, antwoord moontlik! In terms of the Income Tax Act/ Kragtens die lnkomstebelastingwet Till age :/Tot ouderdom : 18 years/ 18 jaar to 21 years/19 tot 21 jaar to 25 years/22 tot 25 jaar years/26 jaar

95 Se 1 vic~s Total Finan- Manufacluring/VeJvaardiging Con- Co-ope- Corpo- Wl JOiesale Conglo- Mi- Govern ment Local Profes-- cia! Capital goods Consumer goods struction ration ration and retail merate ning and semi-stale authority sional Totaal Finan- Kapitaal- Verbruikers- Oienste I< on- Koi::ipe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

Section 10 : Death benefits after retirement Afdeling 10: Sterftevoordele na aftrede Annual premium less Annual premium bctw<..'t'n Annual premium more Intt:mational Non-international 10.1 Benefits:!

96 Section 10 : Death benefits after retirement Afdeling 10: Sterftevoordele na aftrede Annual premium less Annual premium bctw<..'t'n Annual premium more Intt:mational Non-international 10.1 Benefits:!More than onr a11swer possible! Voordele: (Meer as een antwoord moontlik) No provision/geen voorsiening 15 Guarantee period only /Siegs waarborgperiode 53 than R R and R2 million than R2 million affiliation affiliation J aarpremie kleiner Jaarpremie tussen Jaarpremie grotcr lnternasionale Nie-intemasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Lump sum/enkelbedrag 10 Widow's pension/weduweepensioen 50 Widower"s pension/wewenaarspensioen 28 Children's pension/kinderpensioen Guarantee period (together with widow's/widower's pension): Waarborgperiode (met weduwee-/wewenaarspensioen): years/0 jaar 8 I to 4 years/! tot 4 jaar 8 5 years/5 jaar to 9 years/ 6 tot 9 jaar 1 10 years/10 jaar Participants/Deelnemers Guarantee period (without widow's/ widower's pension): Waarborgperiode (sonder weduwee-/wewenaarspensioen): 0 years/0 jaar 16 1 to 4 years/! tot 4 jaar 5 years/5 jaar to 9 years/6 tot 9 jaar 10 years/10 jaar Participants/Deelnemers

97 Total Finan- Manufacturing/ Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer goods struction ration ration and relail merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

Annual pn mium less Annual pn mium tx fwc( n Annual pn mium more fntt rnationa1 Nun-inlt-mational than R500 000 R500 000 and R2 million than R2 million affilialion affiliation Jaarpremie kleiner

98 Annual pn mium less Annual pn mium tx fwc( n Annual pn mium more fntt rnationa1 Nun-inlt-mational than R R and R2 million than R2 million affilialion affiliation Jaarpremie kleiner Jaarpremie tussen Jaarpremie groter lntemasionale Nie-intemasionale as RSOO 000 R en R2 miljoen as R2 miljoen verbintenis verbintenis 10.4 Widow's/ widower's pension as a percentage of the member's pension before commutation: Weduwee-/wewenaarspensioen as 'n persentasie van die lid se pensioen voor kommutasie: Less than 50/Minder as More than 70/Meer as 70 Participants/ Deelnemers Children's pension as a percentage of the member's pension before commutation: Kinderpensioen as 'n persentasie van die lid se pensioen voor kommutasie: Less than 10/Minder as ~ More than 20/Meer as Participaots/Deeloemers

94 Total Finandal Manufacturing/Ve1vaardiging Capita] goods Consumer goods Services Dienste Wholesale and retail Groot- en klein handel Koogler meraat Government and semi-state Staat en semi-staat

99 94 Total Finandal Manufacturing/Ve1vaardiging Capita] goods Consumer goods Services Dienste Wholesale and retail Groot- en klein handel Koogler meraat Government and semi-state Staat en semi-staat Local authority Plaaslike owerheid Totaal Finansieel Kapitaalgoedere Verbmikersgoedere Construclion Konstruksie Co-operation KoOperasie Corporation Korporasie Conglornerate Min.ing Mynbou Professional Professioneel

Section 11 : Disability benefits Afdeling 11 : Ongeskiktheidsvoordele Annual premium Jess Annual premium bt>tween than R500 000 R500 000 and R2 million j aarpremie kleiner Jaarpremie tussen as R500

100 Section 11 : Disability benefits Afdeling 11 : Ongeskiktheidsvoordele Annual premium Jess Annual premium bt>tween than R R and R2 million j aarpremie kleiner Jaarpremie tussen as R R en R2 miljoen 11.1 Funds that provide a benefit at temporary disability: Fondse wat 'n voordeel by tydelike ongeskiktheid voorsien: Funds/ Fondse Participants/Deelnemers Benefit at temporary disability: Voordeel by tydelike ongeskiktheid: Lump sum only /Siegs enkelbedrag Monthly income/maandelikse inkomste Both/ Beide Participants/Deelnemers 11.3 Funds that provide a benefit at permanent disability: Fondse wat 'n voordeel by permanente ongeskiktheid voorsien: Annual premium more than R2 million j aarpremie grater as R2 miljoen Funds/ Fondse Participants/ Deelnemers Benefit at permanent disability: Voordeel by permanente ongeskiktheid: Lump sum only /Siegs enkelbedrag Monthly income/maandelikse inkomste Both/Beide Participants/ Deelnem ers International affiliation lntemasionalc verbintenis Non-international affiliation Nie-intemasionale verbinlenis

101 Total Finan Manu facturin,i:!'/vervaardiging Services Con Co-ope Corpo- Wholesale Conglo- Mi- Government Local Profescial Capital goods Conswner goods slruclion ration ration and retail me rate ning and semi-state authori ty sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

102 11.5 Type of lump sum: Tipe enkelbedrag: Annua1 premium less Annual premiu m bctwe«.>n Annual premium more than RSOO 000 RSOO 000 and R2 million than R2 million Jaarpremie kleiner Jaarpremie tussen Jaarpremie groter as R RSOO 000 en R2 miljoen as R2 miljoen Multiple of annual salary /Veelvoud van jaarlikse salaris Percentage of annual salary IPersentasie van jaarlikse salaris Other I Ander Participants1Deelneme Disability income: Ongeskiktheidsinkomste: International affiliation lnternasionale verbintenis Non internationa1 affiliation Nie-internasionale verbintenis Percentage of annual salary IPersentasie van jaarlikse salaris Percentage of expected pensionipersentasie van verwagte pensioen 9 15 Other I Ander 4 6 Participants/Deelnemers Disability benefit as a percentage of annual salary: Ongeskiktheidsvoordeel as 'n persentasie van jaarlikse salaris: Less than 501Minder as ~ More than 751Meer as 75 ParticipantsiDeelnemers

$Total Totaal 56 19 25 68 84 11 5 Financia\ Finansieel 60 40 5 82 14 4 203 22 2 6 72 78 20 22 169 18 Manufacturing/Vervaardiging Capital goods Kapitaalgoedere 43 14 43 7 74 17 9 23 6 71 23 17 Consumer$

103 Total Totaal Financia\ Finansieel Manufacturing/Vervaardiging Capital goods Kapitaalgoedere Consumer goods Verbn ikersgoedere Services Dienste Con struction Konstruksie Co-o1>e-- ration KoOperasie Corporation Korporasie Wholesale and retail Groot- en klein handel Conglome rate Konglomeraat Mining Mynbou Government and semi-state Staat en semi-slaat Local authority Plaaslike owerheid Professional Professioneel

11.8 Increase in disability income: Verhoging in ongeskiktheidsinkomste: Annual premium less Annual premium between Annual premium more International Non intcmational than RSOO 000 R500 000 and R2

104 11.8 Increase in disability income: Verhoging in ongeskiktheidsinkomste: Annual premium less Annual premium between Annual premium more International Non intcmational than RSOO 000 R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner jaarpremie tussen Jaarpremie groter lntemasionale Nie-intemasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis None/Geen FIXed percentage (rules)/vaste persentasie (reglement) Ad hoc Ad hoc with minimum/ Ad hoc met minimum Rate declared by assw er /Koers deur versekeraar verklaar Combination of above/kombinasie van bogenoemde Participants/Deelnemer s Waiting period before payment at temporary disability: Wagperiode voor betaling by tydelike ongeskiktheid: None/Geen month/! maand to 3 months/2 tot 3 maande to 5 months/ 4 tot 5 maande 6 months/6 maande months/ 12 maande months/24 maande Participants/Deelnemers

105 Total Finan Manufacturing/Ve1vaardiging Se1vices Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer goods struction ration ralion and retail merate ning and semi-state authority sional Tot.aal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Kon>o- Groot- e n Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

11.10 Waiting period before payment at permanent disability: Wagperiode voor betaling by permanente ongeskiktheid: Annual premium less Annual premium between Annual premium more International

106 11.10 Waiting period before payment at permanent disability: Wagperiode voor betaling by permanente ongeskiktheid: Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 R and R2 million than R2million affiliation affiliation Jaarpremie kleiner Jaarpremie lussen J aarpremie groter Intemasionale Nie-intemasionale as R nsoo 000 en R2 miljoen as R2 miljoen verbintenis verbintenis None/Geen month/! maand to 3 months/2 tot 3 maande to 5 months/ 4 tot 5 maande 6 months/6 maande months/12 maande months/24 maande Participants/Deelnemers

$Total Flnan- Manufacturing/ Vervaardiging Services Con- Co-ope- Corpo- Wholesalt' Conglo- Mi- Govemmem Local Profescia\ Capital goods Consumer goods struction ration ration and retail merate ning and$

107 Total Flnan- Manufacturing/ Vervaardiging Services Con- Co-ope- Corpo- Wholesalt' Conglo- Mi- Govemmem Local Profescia\ Capital goods Consumer goods struction ration ration and retail merate ning and semi-stale authority sional Totaal Finan- Kapitaal- Verbrui kers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owcrheid sioneel

Section 12 Withdrawal benefits Afdeling 12 Uitdienstredingsvoordele Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 RSOO 000 and R2

108 Section 12 Withdrawal benefits Afdeling 12 Uitdienstredingsvoordele Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 RSOO 000 and R2 million than R2 million affiliation affiliation j aarpremie kleiner jaarpremie tussen j aarprernle groter lntemasionale Nie-inte masionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis 12.1 Cash benefit at termination of service Kontantvoordeel by diensbeeindiging Voluntary resignation: Vrywillige bedanking: Own contributions without interest/eie bydraes sonder rente Own contributions plus interest/eie bydraes plus rente Member's contributions plus all or part of employer's contributions/lidbydraes plus voile of gedeelte van werkgewerbydraes 2 Member's contributions plus all or part of employer's contributions plus interest/lidbydraes plus voile of gedeelte van werkgewerbydraes plus rente Actuarial reserve value or similar benefit/ Aktuariele reserwewaarde of soortgelyke voordeel Participants/Deelnemers R etrenchment: Besnoeiing: Own contributions without interest/eie bydraes sonder rente Own contributions plus interest/eie bydraes plus rente Member's contributions plus all or part of employer's contributions/lidbydraes plus volle of gedeelte van werkgewerbydraes Member's contributions plus all or part of employer's contributions plus interest/lidbydraes plus volle of gedeelte van werkgewerbydraes plus rente Actuarial reserve value or similar benefit/ Aktuariele reserwewaarde of soortgelyke voordeel Participants/Deelnemers

109 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corvo- Who l esa l< ~ Conglo- Mi Governmenl Local Profescia! Capital goods Consumer goods struction ration ralion and retail me rate ning and semi-state authority sional Totaal Finan- Kapitaal Verbruikers Dienstc Kon KoOpe- Korpo- Groot en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel ,1

$Annual premium less Annual premium between Annual premium more International than R500 000 R500 000 and R2 million than R2 million affiliation Jaarpremie k\einer jaarpremie tu ssen j aarpremie grater$

110 Annual premium less Annual premium between Annual premium more International than R R and R2 million than R2 million affiliation Jaarpremie k\einer jaarpremie tu ssen j aarpremie grater lntem asionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis Interest rates payable if compounded annually (voluntary resignation): Rentekoerse betaalbaar indien jaarliks saamgesteld (vrywillige bedanking): Less than 2/Minder as , ,0 ' 5, ,0 7, ,0 ' More than 10,0/Meer as 10, Non intemational affiliation Nie-intemasionale Participants/ Deelnemers Interest rates payable if a percentage for every year of service (voluntary resignation): Rentekoerse betaalbaar indien 'n persentasie vir elke jaar diens (vrywillige bedanking): Less than 2/Minder as ,0 ' 3, ,0-5, ,0 ~ 7, ,0 ' 10, More than 10,0/Meer as 10,0 Participants/Deelnemers verbintenis

$Total Finan- Manufacturing/ Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods struction ra tion ration and n:t.$

111 Total Finan- Manufacturing/ Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods struction ra tion ration and n:t.ail meratc ning and scmi<state authority sional Totaal Finan- Kapit.aal- Verbruil<ers- Diensle Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goederc goedere struksie rasie rasie klein handel meraat bou semi-slaal owerh eid sion cel II

12.2 Transfer of benefit Oordrag van voordeel 12.2.1 Funds that allow transfer to another approved fund: Fondse wat oordrag na 'n ander goedgekeurde fonds toelaat: Annual premium less Annual premium

112 12.2 Transfer of benefit Oordrag van voordeel Funds that allow transfer to another approved fund: Fondse wat oordrag na 'n ander goedgekeurde fonds toelaat: Annual premium less Annual premium between Annual pre mium more International Non-international than 1 ~ RSOO 000 and R2 million than R2 million affiliation affiliation Jaarpremie kleiner jaarpremie tussen Jaarpremie groter Intemasionale Nie-intemasionale as RSOO 000 R en R2 miljoen as R2 miljoen verbintenis verbintenis Funds/ Fondse Participants/Deelnemers Benefit payable on voluntary resignation: Voordeel betaalbaar by vrywillige bedanking: Own contributions without interest/eie bydraes sonder rente Own contributions plus interest/eie bydraes plus rente Member's contributions plus all or part of employer's contributions/lidbydraes plus volle of gedeelte van werkgewerbydraes Member's contributions plus all or part of employer's contributions plus interest/lidbydraes plus volle of gedeelte van werkgewerbydraes plus rente Actuarial reserve value or similar benefit/ Aktuariele reserwewaarde of soortgelyke voordeel Participants/Deelnemers

Total Financia! M anufacttuing/vervaardiging Capital goods Consumer goods Services Dienste Wholesale and retail Groot- en klein handel Myn bou Government and semi-state Staat en sem.

113 Total Financia! M anufacttuing/vervaardiging Capital goods Consumer goods Services Dienste Wholesale and retail Groot- en klein handel Myn bou Government and semi-state Staat en sem.i-staat Local authority Plaaslike owerheid Totaal Finansieel Kapitaalgoedere Verbruikersgoedere Construction Konstruksie (()-{lperation KoOperasie Corporation Korporasie Conglomerate Konglomeraat Mining Professional Professioneel !

114 Benefit payable on r etrenchment: Voordeel betaalbaar by besnoeiing: Own contributions without interest/eie bydraes sonder rente Own contributions plus interest/eie bydraes Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 RSOO 000 and R2 million than R2 million affiliation affiliation Jaarpremie kleiner Jaarpremie tussen Jaarpremie grater lnternasionale Nie-internasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis plus rente Member's contributions plus all or part of employer's contributions/lidbydraes plus valle of gedeelte van werkgewerbydraes Member's contributions plus all or part of employer's contributions plus interest/lidbydraes plus valle of gedeelte van werkgewerbydraes plus rente Actuarial reserve value or similar benefit/ Aktuariele reserwewaarde of soortgelyke voordeel Participants/Deelnemers

115 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- VVholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer goods struction ration ration and retail merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

116 Section 13 Mdeling 13 Communication Kommunikasie Annual premium less Annual premium between Annual premium more International Non-international than R R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner Jaarpremie tussen Jaarpremie grater as R R en R2 miljoen as R2 miljoen 13.1 Members informed about fund benefits by:!more than one answer possible) Lede oor fondsvoordele ingelig deur:!meer as een antwoord moontlik! A rule booklet/'n Reelboekie Annual benefit statements/jaarlikse voordeelstate Notices/Kennisgewings Trustee reports/trusteeverslae Speeches/Toesprake Audio-visual presentations/oudiovisuele aanbiedings Funds that feel that communication with members is sufficient: Funds/ Fondse Fondse wat meen dat kommunikasie met lede voldoende is: Participants/Deelnemers Intemasionale Nie-internasionale verbintenis verbintenis Ill

$Total Finan- M anufacturing/vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Govemme nt Local Profescia\ Capital goods Consumer goods struction ration ration and retail merate ning$

117 Total Finan- M anufacturing/vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Govemme nt Local Profescia\ Capital goods Consumer goods struction ration ration and retail merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staal en Plaaslike Professieel goedere goedere stru ksie rasie rasie klein handel meraat bou semi-staat owerh eid sioneel

118 Section 14 Provident funds (Refer Sections 1-13/or pension funds) Afdeling 14: Voorsorgfondse (Verwys Afdelings 1-13 vir pensioenfondse) 14.1 Type of provident fund: Tipe voorsorgfonds: Annual premium Jess Annual premium between Annual premium more International Non-international than R R and R2 million than R2 million affiliation affiliation jaarpremie kleiner Jaarpremie tussen Jaarpremie grater Internasionale Nie-internasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Based on accrued contributions/gebaseer op opgelope bydraes Based on fixed formula/gebaseer op vaste formule Participants/Deelnemers Active members: Aktiewe lede: ~ I > ! > I I 001 > andmore/5 001 en meer Participants/Deelnemers Administration by Administrasie deur : Fund itself/fonds self Assurer /Versekeraar Broker /Makelaar Consulting actuary/konsultaktuaris Other I Ander 4 I Participants/Deelnemers

119 Total Finan- Manufacturing/ Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government local Profescial Capital goods Consumer goods struction ration ration and retail mcrate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- KoOJ>e- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel mcraal bou semi-staat owerheid sioneel

$filiation affiliation Jaarpremie k\einer jaarpremie tussen Jaarpremie groter Internasionale Nie-intemasionale as R500 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Fund$

120 14.4 Investment by: Beleggings deur: Annual pre mium less Annual premium between Annual premium more International Non-international than R RSOO 000 and R2 million Ulan R2 million af.filiation affiliation Jaarpremie k\einer jaarpremie tussen Jaarpremie groter Internasionale Nie-intemasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Fund itself/fonds self Assurer(s)/Versekeraar(s) Other financial institution (s) I Ander finansiele instelling(s) Combination of above/kombinasie van bogenoemde Participants/Deelnemers Assets of fund invested in: Bates van fonds bele in: Guaranteed portfolio (s)/waarborgportefeulje (s) Market value portfolio(s) /Markwaardeporlefeulje(s) Combination of above/kombinasie van bogenoemde Participants/Deelnemers Management of fund by: Bestuur van fonds deur: Principal officer /Hoofbeampte Board oftrustees/raad van Trustees Management committee/bestuurskomitee Participants/Deelnemers

121 Total Totaal Manufacturing/Vervaardiging Capital goods Consumer goods Vcrbn1ikers goedere Services Dienste Kon struksie Financia! Finansieel Kapitaalgoedere Construction Co-operation KoOperasie Corpo- Wholesale ration and retail Korpo- Groot en rasie klein handel Conglo- Mi- Government Local Profesmerate ning and semi-state authority sional Konglo- Myn- Staat en Plaaslike Profesmeraat bou semi-staat owerheid sioneel

14.7 Number, if managed by Board oftrustees: Aantal, indien bestuur deur Raad van Trustees: Annual premium less Annual premium between Annual premium more International Non-international than RSOO

122 14.7 Number, if managed by Board oftrustees: Aantal, indien bestuur deur Raad van Trustees: Annual premium less Annual premium between Annual premium more International Non-international than RSOO 000 R and R2 million than R2 million affiliation affiliation jaarpremie k.jeiner jaarpremie tussen Jaarpremie grater lnternasionale Nie-intemasionale as R R en R2 miljoen as R2 miljoen verbintenis verbintenis 3 or less/3 of minder and more/7 en meer Participants/ Deelnemers Trustee members nominated/ elected by: Trusteelede benoem/verkies deur: Employees/Werknemers 3 2 Employer /Werkgewer Both/Beide Participants/ Deelnemers Representation of members on Board of Trustees: Verteenwoordiging van lede op Raad van Trustees: Funds/ Fondse Participants/ Deelnemers

$Total Finan Manufacturing /Ve1vaardiging Services Con Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods struction ration ration ami retail me rate ning and$

123 Total Finan Manufacturing /Ve1vaardiging Services Con Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods struction ration ration ami retail me rate ning and semi-stale authority sional Totaal Finan Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie kleinhandel meraat bou semi-staat owerheid sion eel lis

14.10 Total value of assets (R million): Totale waarde van bates (R miljoen): Anm1al premium less Annual premium between Annual premium more International Non-international than R500 000 R500 000 and

124 14.10 Total value of assets (R million): Totale waarde van bates (R miljoen): Anm1al premium less Annual premium between Annual premium more International Non-international than R R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner jaarpremie tussen Jaarpremie groter lntemasionale Nie-intemasionale as R R en R2 miljoen as R2 miljoen verbintenis verbintenis 0 ~ , ,1 and more/100,1 en meer Participants/Deelnemers Employer contributions as percentage of annual salaries: 0 Werkgewerbydraes as persentasie van jaarlikse salarisse: 0, , , ,1 ~ , , ,1 and more/10,1 en meer Participants/Deelnemers Members' contributions as percentage of annual salaries: Ledebydraes as persentasie van jaarlikse salarisse: , , , , ,1 and more/8,1 en meer Participants/Deelnemers

$Government Local Profescia\ Capital goods Consumer goods st111ction ration ration and retail merate ning and semi-state authorily sional Totaal Finan- Kapitaal- Verbn1ikers- Oienste Kon- KoOpe-$

125 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mf. Government Local Profescia\ Capital goods Consumer goods st111ction ration ration and retail merate ning and semi-state authorily sional Totaal Finan- Kapitaal- Verbn1ikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Pratessieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

$million affiliation affiuation Jaarpremie kleiner j aarpremie tussen jaarpremie groter lntemasionale Nie-intemasionale as R500 000 R500 000 en R2 miljoen as R2 mi\joen verbintenis verbintenis All$

126 14.13 Membership requirements: Lidmaatskapvereistes: Annual premium less Annual premium between Annual premium more International Non-international than R R and R2 million tl1an R2 million affiliation affiuation Jaarpremie kleiner j aarpremie tussen jaarpremie groter lntemasionale Nie-intemasionale as R R en R2 miljoen as R2 mi\joen verbintenis verbintenis All races/ Aile rasse Whites only /Slegs Blankes Non-whites only /Slegs Nie-blankes Member's choice/lid se keuse Trade union members only /Slegs vakbondlede Participants/Deelnemers Normal retirement age (males): Normale aftree-ouderdom (mans): 59 or younger /59 en jonger years/60 jaar to 62 years/61 tot 62 jaar to 64 years/63 tot 64 jaar years/65 jaar Participants/Deelnemers Normal retirement age (females) : Normale aftree-ouderdom (dames): 59 or younger /59 en jonger years/ 60 jaar to 62 years/61 tot 62 jaar to 64 years/63 tot 64 jaar years/65 jaar Participants/Deelnemers

$Total Finan- Manufacturing/Ve vaardiging Services Con- C<r<>pe- Corpo- Whole::iale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods stn1ction ration ration and retail merate ning$

127 Total Finan- Manufacturing/Ve vaardiging Services Con- C<r<>pe- Corpo- Whole::iale Conglo- Mi- Government Local Profescia\ Capital goods Consumer goods stn1ction ration ration and retail merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Oienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie kleinhandel meraat bou semi-staat owerheid sioneel

Annual premium less Annual premium between Annual premium more International Non-international than R500 000 R500 000 and R2 million than R2 million affiliation affiliation Jaarpremie kleiner

128 Annual premium less Annual premium between Annual premium more International Non-international than R R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner jaarpremie tussen jaarpremie grater lntemasionale Nie-intemasionale as R R en R2 miljoen as R2 miljoen verbintenis verbinlenis Cash benefit paid normally to members at termination of service: Kontantvoordeel normaalweg by uitdienstrede aan lede betaal: Own contributions without interest/eie bydraes sonder rente 2 Own contributions pius interest/eie bydraes pius rente Member's contributions pius all or part of employer's contributions without interest/ Lidbydraes plus volle of gedeelte van werkgewerbydraes sonder rente Member's contributions pius all or part of employer's contributions with interest/lidbydraes plus voile of gedeelte van werkgewerbydraes pius rente Equitable share/regmatige aandeel Participants/Deelnemers Interest rate payable: Rentekoers betaalbaar: Less than 4/Minder as ,0 ~ , ,1 and more/12,1 en meer Participants/Deelnemers

129 Total Finan- ManLtfacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Govt rnment Local Profescia! Capital goods Consumer goods stn1c1ion ration ration and retail merate ning and semi-slate authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- K01vo- Groot- en Konglo- Myn- Staat en Plaaslike Profes.- sieel goedere goedere struksie rasie rasie kleinhandcl meraat bou semi-staat owerheid sioneel

Annual premium less Annual premium between Annual premium more lntemational Non-international than R500 000 R500 000 and R2 million than R2 million affiliation affiliation Jaarpremie kleiner

130 Annual premium less Annual premium between Annual premium more lntemational Non-international than R R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner Jaarpremie tussen jaarpremie grater lntemasionale Nie-internasionale as R R en R2 miljoen as R2 miljoen verbintenis verbintenis Number of years' service after which a portion of the employer's contributions is repayable: None/ Geen Aantal jare diens waarna 'n gedeelte van die werkgewerbydraes terugbetaalbaar is: I to 2 years/ I tot 2 jaar 3 to 5 years/3 tot 5 jaar 6 to 10 years/6 tot 10 jaar More than 10 years/meer as 10 jaar Participants/Deelnemers u 4 u Percentage of the employer contributions that vest each year: Persentasie van die werkgewerbydraes wat vestig elke jaar: ~ ,1 ~ , ,1 and more/25,1 en meer Other I Ander Participants/ Deelnemers

131 Total Finan- Manufacturing/Vervaardiging Services Con- Co-ope- Corpo- Wholesale Conglo- Mi- Government Local Profescial Capital goods Consumer goods struction ration ration ancl retail m -rate ning and semi-state authority sional Totaal Finan Kapitaal- Verbruikers- Dienste Kon- Koape- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie kleinhandel meraat bou semi-staat owerheid sioneel

14.20 Retirement benefits (based on accrued contributions): Aftreevoordele (gebaseer op opgelope bydraes): Annual premium less Annual premium betwc'cn Annual premium more International

132 14.20 Retirement benefits (based on accrued contributions): Aftreevoordele (gebaseer op opgelope bydraes): Annual premium less Annual premium betwc'cn Annual premium more International Non-international than RSOO 000 RSOO 000 and R2 million than R2 million affiliation affiliation jaarpremie kleiner Jaarpremie tussen jaarpremie groter lntemasionale Nie-intemasionale as R RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis Gross employee plus employer conhibutions plus bonuses/bruto werknemer- plus werkgewerbydraes plus bonusse Net employee plus employer conhibutions (after deduction of assurance premiums and/ or costs) /Netto werknemer- plus werkgewerbydraes (na aftrekking van versekeringspremies en/ of onkostes) Other I Ander Participants/Deelnemers healtb pension based on: Siektepensioen gebaseer op: Gross employee plus employer conhibutions plus bonuses/bruto werknemer- plus werkgewerbydraes plus bonusse Net employee plus employer conhibutions (after deduction of assurance premiums and/ or costs) plus bonuses/netto werknemer-plus werkgewerbydraes (na aftrekking van versekeringspremies en/ of onkostes) plus bonusse Other I Ander Participants/Deelnemers

$Total Totaal 48 34 18 96 50 27 23 90 Financia\ Finansieel 72 14 14 7 83 17 6 Manufacturing/Vervaardiging Capital goods Kapitaalgoedere 25 38 37 8 22 45 33 9 Consumer goods Verbruikersgoedere 54 38 8$

133 Total Totaal Financia\ Finansieel Manufacturing/Vervaardiging Capital goods Kapitaalgoedere Consumer goods Verbruikersgoedere Services Dienste ConstJ-uction Konstruksie Co-operation KoOperasie Corporation Korporasie Wholesale and retail Groot- en klein handel Conglomerate Konglomeraat Mining Mynbou Government and semi-state Staat en semi-slaat Local authority Plaasljke owerheid Professional Professioneel

134 14.22 Further benefit payable at disability: Verdere voordeel betaalbaar by onfeskiktheid: Annual prt"mium les!> Annual pr('mium betwl:"cn Annual premium more Intcmational Non-international than R RSOO 000 and R2 million than R2 million affiliation affiliation Jaarpremie kleiner jaarpremie tussen jaarpremie grater lntemasionale Nie-intemasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis None/ Geen Lump sum/enkelbedrag Monthly income until retirement/ Maandelikse inkomste tot aftrede Participants/Deelnemers Death benefit based on: Sterftevoordeel gebaseer op: Gross employee plus employer contributions plus bonuses/bruto werknemer- plus werkgewerbydraes plus bonusse Net employee plus employer contributions (after deduction of assurance premiums and/ or costs) plus bonuses/nett o werknemer- plus werkgewerbydraes (na aftrekking van versekeringspremies en/ of onkostes) plus bonusse Other I Ander Participants/Deelnemers Additional lump sum benefit (equal to multiple salary) payable at death: Funds/ Fondse Addisionele enkelbedragvoordeel (gelyk aan veelvoud van salaris) betaalbaar by sterfte: Participants/Deelnemers

135 Total Finan- Manufactuling/Vervaardiging Services Con- Co-opt."" Corpo- Wholesale Conglo- Mi- Government Local Profescia! Capital goods Consumer goods struction ration ration and retail merate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Dienste Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

14.25 Additional lump sum (males): Addisionele enkelbedrag (mans): Annual premium less Annual premium between Annual premium more lntenmtional Non inlemational than RSOO 000 R500 000 and R2 million

136 14.25 Additional lump sum (males): Addisionele enkelbedrag (mans): Annual premium less Annual premium between Annual premium more lntenmtional Non inlemational than RSOO 000 R and R2 million than R2 million affiliation affiliation Jaarpremie kleiner Jaarpremie tussen Jaarpremie grater lntemasionale Nie-intemasionale as RSOO 000 RSOO 000 en R2 miljoen as R2 miljoen verbintenis verbintenis 1 x salary / 1 x salaris x salary /2 x salaris x salary /3 x salaris x salary/4 x salaris x salary /5 x salaris More than 5 x salary/meer as 5 x salaris Participants/ Deelnemers Additional lump sum (females): Addisionele enkelbedrag (dames): I x salary / 1 x salaris x salary /2 x salaris x salary /3 x salaris x salary I 4 x salaris x salary /5 x salaris More than 5 x salary /Meer as 5 x salaris Participants/ Deelnemers Provision of separate funeral benefit: Voorsiening van aparte begrafnisvoordeel: Funds/ Fondse Participants/ Deelneme rs l31

137 132 Total Finan- Manufacturing /Vervaardiging Services Con- Co-ope.. Corpo- 'Wholesale Conglo- Mi- Govemment Local Profescia I Capital goodii Consumer goods struction ration ration and retail me rate ning and semi-state authority sional Totaal Finan- Kapitaal- Verbruikers- Diensle Kon- KoOpe- Korpo- Groot- en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

14.28 Funeral benefit of principal member: Begrafnisvoordeel van hootlid: Annual premium less Annual premium between Annual premium more International Non-inlemational than R500 000 R500 000 and R2

138 14.28 Funeral benefit of principal member: Begrafnisvoordeel van hootlid: Annual premium less Annual premium between Annual premium more International Non-inlemational than R R and R2 million than R2 million affiliation affiliation J aarpremie kleiner Jaarpremie tussen Jaarpremie groter Intemasiona1e Nie-intemasionale as R R en R2 miljoen as R2 miljoen verbintenis verbintenis R R Rl R Participants/Deelnemers Provision of housing aid: Voorsiening van behuisingshulp: Funds/ Fondse Participants/Deelnemers Type of housing aid: Tipe behuisingshulp: Conventional bond (building society)/konvensionele verband (bouvereniging) 'The "Perm" scheme/die "Perm"-skema Escalating instalment method/eskalerende paaiementmetode Participants/Deelnemers

Total Totaal 13 53 13 21 47 32 97 63 14 23 22 Financia!

139 Total Totaal Financia! Finansieel 7 Manufacturing/Vervaardiging Capital goods Kapitaalgoedere Consumer goods Verbnlikersgoedere Services Dienste Construction Konstruksie Co-operation Kooperasic Corporation Korporasie 134 Wh olesale and retail Groot- en kleinhandel Conglomerale Konglomeraat Mining Myn bou Govcmment and scmi-stjte Staat en semi-staat Local authority Plaaslike owerheid Professional Professioneel

lanoitanretni-no~ Annual premium less Annual premium between than R500 000 RSOO 000 and R2 million Jaarpremie kleiner Jaarpremie tussen as RSOO 000 RSOO 000 en R2 miljoen 14.

140 lanoitanretni-no~ Annual premium less Annual premium between than R RSOO 000 and R2 million Jaarpremie kleiner Jaarpremie tussen as RSOO 000 RSOO 000 en R2 miljoen Provision of a cash benefit in times of need: Voorsiening van kontantvoordeel in tye van nood: Funds/ Fondse 2 8 Participan1s/Deelnemers Type of cash benefit: Tipe kontantvoordeel: Annual premium more than R2 million j aarpremie grater as R2 miljoen 4 26 lntemational affiliation Intemasionale verbintenis 4 25 affiliation Nie-intemasionale verbintenis 4 72 Endowment plan/ Uitkeei"Jllan Savings scheme/ Spaarskema Unit trust/ Effektetrust Participan1s/Deelnemers Members informed about fund benefits by: (More than one answer possible! Lede oor fondsvoordele ingelig deur:!meer as een antwoord moontlik! A rule booklet/'n Reelboekie Annual benefit statements/jaarlikse voordeelstate Notices/Kennisgewings Trustee reports/ Trusteeverslae Speeches/Toesprake Audio-visual presentations/oudiovisuele aanbiedings Funds that feel that communication with members is sufficient: Fondse wat meen dat kommunikasie met lede voldoende is: Funds/ Fondse 71 Participan1s/Deelnemers

141 Total Finan- Manufacturing/Vervaardiging Scn ices Con- Co-ope- Corpo- Wholesale Conglo- M i- Government Local Profescia! Capital goods Consumer goods Stl1lclion ration ralion and retail me rate ning and semi-state authoricy sional Totaal Finan Kapitaal- Verbruikers- Dienste Kon KoOpe- Korpo- Groot en Konglo- Myn- Staat en Plaaslike Professieel goedere goedere struksie rasie rasie klein handel meraat bou semi-staat owerheid sioneel

Regional Management Streekbestuur Johannesburg (011) 332-2199 Johan Drotschie Bloemfontein (051) 47-1171 Johan van der Vyver Pretoria (012) 310-0111 Eric Laufs Durban (031)

142 Regional Management Streekbestuur Johannesburg (011) Johan Drotschie Bloemfontein (051) Johan van der Vyver Pretoria (012) Eric Laufs Durban (031) Rudi Heine Western Cape/Wes-Kaapland (021) Hennie van Dyk Namibia/ Namibie (061) Louis Strtimpher Port Elizabeth (041) ChrisRohm 137 Belmo1druk

143

144

Pensioenvoordele in Suid-Afrika Sanlam J989 Pension benefits in South Africa Sanlam J989

Pensioenvoordele in Suid-Afrika Sanlam J989 Pension benefits in South Africa Sanlam J989 Sanlam retains the copyright of this survey. Reasonable use may be made of the survey for purposes of comment and