Unclaimed Benefits definition

Unclaimed Benefits means the amount due to the Beneficiary at the end of the month in which he or she dies, which is paid to a claimant approved by SASSA in terms of the legislation;
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Unclaimed Benefits means a Benefit which remains unclaimed after 6 (six) months of notification of death; and
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Unclaimed Benefits means those Benefits described as "unclaimed money" under Part 22 of the Superannuation Industry (Supervision) Act 1993.
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Examples of Unclaimed Benefits in a sentence

  • The Trustee with information provided and maintained by the eMPF Platform shall establish and maintain an Unclaimed Benefits Account to which all Unclaimed Benefits shall be credited in accordance with this Deed or any relevant Participation Agreement.

  • The eMPF Platform shall maintain records of the persons entitled to amounts credited to the Unclaimed Benefits Account and the interest of such persons in the Units and other property from time to time credited to the Unclaimed Benefits Account.


More Definitions of Unclaimed Benefits

Unclaimed Benefits means those benefits which the Trustee is entitled to treat as "unclaimed benefits" pursuant to Division 2 of Part XIII of the General Regulation.
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Unclaimed Benefits. The Plan Holder/Beneficiary will be contacted if a claim was approved and remains unpaid. If we are unable to make contact, the benefit will be deemed unclaimed. Costs incurred in tracing a Beneficiary may be recovered from the Plan. We will follow the ASISA standard on unclaimed benefits. Reviews: We have the right to change the Plan and/or premiums for any reason including changes in legislation or other rules applicable to this Plan and will notify you via post, SMS, email or any other means within 30 days of any such change being implemented. Any legal issues will be decided in accordance with South African Law. It is your obligation to accurately and properly disclose all material facts. You remain responsible for the accuracy and completeness of all answers, statements or other information provided by you or on behalf of you. Misrepresentation, non-disclosure of a material fact or an incorrect or inaccurate statement or information by you or on your behalf may lead to the rejection of a claim or the cancellation of this Plan and no refund of any premiums. You are entitled to a copy or written or printed record of any transaction requirement upon your request. Product Supplier and Underwriter: FirstRand Life is a registered life insurer, Licence No. 00102/001, Registration No. 2014/264879/06. 0xx Xxxxx 0 Xxxxx Xxxxx, 0 Xxxx Xxxxxx, Xxxxxxxxxxxx, 0000. XX Xxx 0000, Xxxxxxxxxxxx, 0000. Tel. 000 000 0000. Financial Service Provider: First National Bank ("FNB"), a division of FirstRand Bank Limited, Registration No. 1929/001225/06. FSP No. 3071. 0xx xxxxx 0 Xxxxx Xxxxx, Xxxxxxxx Xxxxxx, Bankcity, 2001. XX Xxx 0000, Xxxxxxxxxxxx, 0000. xxx.xxx.xx.xx. Tel: 0000 00 00 00 / +00 00 000 0000 (international). E-mail: xxxxxxx@xxx.xx.xx FNB is a registered financial services provider for this class and type of product. FNB takes responsibility for the actions of its authorised representatives insofar as they are providing financial services. Some representatives may be rendering services under supervision and will inform you accordingly. FNB Life is a business unit of FNB and acts as administrator under a binder contract between FNB and FirstRand Life for which it collects a binder fee for services rendered for this Plan. FirstRand Life and FNB hold professional indemnity insurance.
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Unclaimed Benefits means all amounts to be treated as unclaimed benefits in accordance with section 145A of the Regulation;
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Unclaimed Benefits means all amounts to be treated as unclaimed benefits in accordance with the Regulation;
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Related to Unclaimed Benefits

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Two-year claim limitation means no benefit is payable for any claim submitted two years or more from the date of admission or service provision.

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Erroneously Awarded Compensation means, with respect to each Executive Officer in connection with an Accounting Restatement, the amount of Clawback Eligible Incentive Compensation that exceeds the amount of Incentive-based Compensation that otherwise would have been Received had it been determined based on the restated amounts, computed without regard to any taxes paid.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Excepted benefits means benefits under one or more (or any combination thereof) of the following:

  • Retirement fund means the "Washington law enforcement

  • Employment benefits means all benefits provided or made

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.