Membership
Membership Benefits
Welcome to Bridging Provident Fund, where your membership is not just a commitment but a gateway to a secure and prosperous financial future. Explore the exclusive benefits designed to elevate your financial well-being.
Retirement Benefit Contributions
Discover a world of financial security with the Bridging Provident Fund, where contributions are tailored to each member based on their pensionable salary, as advised by the Employer. Both Employers and Employees are required to contribute a minimum of 5% of the pensionable salary, offering a solid foundation for retirement savings. Plus, the flexibility to make additional Rand amount contributions allows you to enhance your final retirement benefit.
Risk Benefits for Peace of Mind
Our Fund goes beyond standard offerings, providing optional risk benefits for employees. While any risk cover ceases on the Employee's normal retirement date, the Bridging Provident Fund ensures continuous support in the face of challenges.
- Temporary Disability Benefit: Members remain covered in the event of temporary disability, receiving a monthly income replacement benefit for up to six months.
- Permanent Disability Benefits: Enjoy lump sum disability benefits, with coverage ranging from 1 to 4 times the member’s annual pensionable salary.
- Death Benefits: Ensure financial protection for your loved ones with coverage ranging from 1 to 4 times the member’s annual pensionable salary.
- Funeral Benefits: Secure peace of mind for your family with funeral benefits ranging from R6,000 to R40,000, customizable to your chosen level of cover.
Comprehensive Financial Security
Bridging Provident Fund provides a comprehensive safety net with a focus on retirement, disability, and death benefits. Our commitment is to ensure that you and your loved ones are financially secure at every stage of life.
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Tailored for Your Future
Our membership is a commitment to your future. Benefit from strategically tailored solutions designed to address the dynamic financial challenges you may encounter.
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Mandatory Membership (Ages 18-65)
Membership is not just an option; it’s a mandatory commitment to securing your financial future. All employees aged 18 to 65, aligning with the statutory retirement age, are eligible for membership, ensuring inclusivity and a collective approach to financial well-being.