Frequently Asked Questions
Death and Disability Benefits
Your total Accumulated Credit will be paid by MPT to your nominated beneficiaries.
In the event of death prior to your Normal Retirement Date but after leaving the service your Employer, with entitlement to a Deferred Pension, the Pension Scheme will pay a lump of your Accumulated Credit at the date of death, to your nominated beneficiaries.
In general, the lump sum death benefits which are equal to the accumulated credit are payable to your nominated beneficiaries.
There is a provision in the rules for you to nominate a beneficiary or beneficiaries to receive such benefits- which will be taken into consideration by the Trustees when making a payment.
Always ensure to keep your beneficiary nomination confidential and up-to-date. Mukuba Pension Trust will also keep this information confidential.
If your separation from the participating Employer is for any reason other than dishonesty, you can opt to be paid a cash lump sum of the entire Accumulated total contribution and the interest.
You also have the option to defer or leave the Accumulated credit balance in the fund till the time when you retire so that you become entitled to a deferred pension, or when you are ready to encash.
However, the employer will be entitled to recover from a member’s benefits the amount of any loss which it may have suffered as a result of a member’s dishonesty.