Contributions for 2009

The table below shows the total monthly contributions effective from 1 January 2009.

Income (basic salary or benefits value of TRP) Category Adult Child/Student
< R4 000 A, B, C R1 229 R 334
R4 001 - R5 000 D R1 297 R 352
R5 001 - R7 000 E R1 367 R 371
R7 001 - R9 000 F R1 436 R 389
R 9 001 + G R1 505 R 406

Please note that any Company subsidy that may apply to these contributions may vary, as it is determined by your conditions of employment.

PREMIUM PENALTIES FOR PERSONS JOINING LATE IN LIFE

Premium penalties may be applied to a late joiner. Such penalties shall be applied only to that portion of the contribution relative to the late joiner and shall not exceed the following bands:

Penalty bands Maximum penalty
1 - 4 years 0.05 x contribution
5 - 14 years 0.25 x contribution
15 - 24 years 0.5 x contribution
25 + years 0.75 x contribution
The following formula shall be applied to determine the applicable penalty band:
A = B minus (35+C) where:
A = number of years to determine appropriate penalty band
B = age of the late joiner at time of application
C = number of years of creditable coverage which can be demonstrated

Should a late joiner penalty already have been imposed and evidence of creditable cover is produced thereafter, the penalty shall be recalculated and such revised penalty shall be applied from the time that such evidence was provided.
If an applicant is unable to obtain documentary proof to substantiate periods of creditable coverage, he shall be entitled to produce a sworn affidavit declaring such detailed information and that reasonable efforts to obtain documentary evidence of such periods of creditable coverage were unsuccessful.

DEFINITIONS:

″Child″

a member’s natural child, or stepchild or legally adopted child, or a child who has been placed by a competent authority in the custody of the member or his spouse or partner or the child born by a member’s natural child, or a stepchild or legally adopted child and who is registered as a dependant at the time of the birth of such a child.

″Child Dependant″

a dependent child, who is under the age of 26.

″Dependent Child″

a child under the age of 21; or
a child over the age of 21 but under the age of 26, who is not in receipt of a regular income of more than R2 500 per month, provided that such a child dependant was registered under this rule prior to 16 September 2008; or
a child over the age of 21 who, due to a mental or physical disability, is dependent upon the member.

″Dependant″

a member’s spouse or partner who is not a member, or a registered dependant of a member, of a medical scheme;
a member’s child who is dependent on the member and is not a member, or a registered dependant of a member, of a medical scheme;
someone in the member’s immediate family for whom the member is liable for family care and support;
the ex-spouse of a member who joined the Society as a result of the transfer of De Beers employees from the Anglo American Corporation Medical Scheme (AACMED) to the Society in 2002, and who was registered as a dependant of this member in terms of the rules of AACMED.