Section 37C of the Pension Funds Act 24 of 1956 (“the Act”) regulates the distribution and payment of lump sum benefits payable on the death of a member of a pension fund, provident fund, pension and provident preservation fund and retirement annuity fund.

Who can I nominate to receive my pension?

You can nominate whoever you want to receive your pension fund when you die. However, it’s generally up to the discretion of the provider or trustees who look after the pension as to who it’s paid to. If you’ve completed an Expression of Wish/Nomination form, they’ll take this into account.

How old is your husband when you retire?

I retired 6 years ago, I’m a young 70 and my husband retired almost 20 years ago, he’s 76. We did not meet until 15 years ago and have separated 3 times for the same reason, LAZY, no motivation, watches TV 24/7, on the computer for hours a day.

How does retirement affect a husband and wife?

So, it’s not a surprise that retirement can make men feel lost, lonely, more dependent on their spouse. This, in turn, can lead to a new kind of marital stress. 1  Remember, retirement is tough. Retirement offers a whole new way of life, but, it does take planning, courage, and determination to create a fulfilling retirement and marriage.

Why are some women not happy in retirement?

He dubbed this ” retired husband syndrome ,” and researchers speculated that the women were becoming ill because their retired husbands were treating them as if they were still the boss. This is why communication is critical. Of course, not all women find the transition to their own retirement easy.

What should I do if my husband retires at different times?

Retirement has enough ups and downs as it is, so do what you can to strengthen your relationship instead of weakening it. Another problematic area for couples who retire at different times is the wife who becomes a slave to benefits. Healthcare is one of the biggest costs facing new retirees, especially if you retire before the age of 65.