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The Hospitality Group Provident Fund has been specifically designed to provide cost-effective retirement and group insurance benefits to employees in the Hospitality, Food and Allied Trades Industry.

Retirement benefits are one of the most important benefits that can be offered to employees. Members of The Hospitality Group Provident Fund will have the peace of mind knowing that a key essential first step has been taken in their retirement saving plan. This is a vital part of ensuring a comfortable and financially secure retirement.

The Fund not only provides the cash to enable members to purchase an income at retirement but also allows them financial assistance should they become disabled or in the event of the death of the member, their families are provided for.

	ADVANTAGES FOR THE EMPLOYEE	ADVANTAGES FOR THE EMPLOYER
	A lump sum death and disability benefit, equal to three times the member's annual salary, is payable in the event of death or disablement. Normal retirement benefits at age 65. Members may elect to retire earlier from age 55 onwards, or with consent, extend their retirement until age 70. Protection of employees contributions against insolvency of the employer. Life and disability cover is included at low cost, without the need to provide medical evidence of health. Lump sum benefits on retirement and death are tax-exempt up to certain limits. A withdrawal benefit is payable on resignation, dismissal or redundancy, which can be transferred to a preservation fund, or taken as a cash lump sum.	Allows for security and stability within the workforce, reducing staff turnover, recruitment and training costs. Adds to the employer's overall operational efficiency and productivity. Relieves the employer of a possible expectation to provide for the retirement of employees and the maintenance of dependants when an employee dies. Employer contributions are tax deductible. Allows for the retirement of senior employees, which in turn allows for recruitment and promotional opportunities for younger staff members. A Board of Trustees manages the fund.
	CONTRIBUTIONS AND BENEFITS The contributions and benefits are as follows:

CONTRIBUTIONS
	Member's contribution Employer's contribution Total contribution	6.5% of monthly salary* 7.5% of monthly salary* 14% of monthly salary*


BENEFITS
	Retirement Early or late retirement Resignation Retrenchment Death Disability***	Lump sum equal to the member's Fund Credit.The member's Fund Credit is the member's own contributions, plus his/her employer's contributions towards retirement funding, plus investment returns. Fund credit Fund credit Fund credit 3 times final salary** plus fund credit 3 times final salary plus fund credit

	* The member's salary/wage which the member receives from its employer, or such other remuneration as may be agreed upon from time to time between the Board of Trustees and Metropoilitan. A member's annual salary at the date of his/her death or date of disablement. * The 3 x annual salary disability benefit reduces uniformly to zero between the ages of 60 and 65.

	Beneficiary Nomination Death Claim Form New Member Entry Form Statement by Employer Statement by Employee Statement by Attending General Practitioner Retirement Claim Form - Enquiry Final Employer App Form- Front Final Employer App Form- Back