Question:
How long does it take for a person to receive their pension fund pay-out after dismissal or retrenchment?
Answer:
Provided your tax affairs are in order, and you have submitted all therequired documents (such as a copy of your ID, a completed instruction formstating where the money should go, and proof of banking details), itnormally takes 14 to 21 business days for the funds to be paid out. If ittakes longer, you should follow up with the administrator to see what isholding up the process. If the administrator does not give you any joy, youshould follow up with your previous HR department to ensure they follow upon this matter.
