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Question of the Day: Have you ever ordered a product online and received a fake knock-off?
Your retirement plans
- Thread starter The_Ogre
- Start date
rh1
Honorary Master
Mine as well, except my plan is to kick the buckey at 65. Since I have no savings at all.
diapason
Expert Member
I'd suggest staying on until you've turned 60. If you retire earlier than that I don't think you can claim UIF.
The_Ogre
Honorary Master
Based on previous posts, I'm 99.995% sure geezer is either at or very close to retirement age.
SauRoNZA
Honorary Master
He literally says he turns 60 in February in the post.
The_Ogre
Honorary Master
While I concede missing that, you assume everyone follows the norm. I had a colleague who died at his desk at age 72.
The_Ogre
Honorary Master
I'm not particularly looking forward to that, unless you get contracted to do his work...which I'm currently doing for no extra payIf I had to work with you...
UIF unemployment benefits | South African Government
When your employer terminates your service, you can apply to the Unemployment Insurance Fund (UIF) for benefits. The benefits are only available to you if you have been contributing to the UIF while you worked. You cannot claim if you have resigned, been suspended or absconded from work. You may...
Seems I would not be able to claim UIF when I go on pension, that's considered to be resigning.
Taken from the website:
"UIF unemployment benefits
When your employer terminates your service, you can apply to the Unemployment Insurance Fund (UIF) for benefits.
The benefits are only available to you if you have been contributing to the UIF while you worked. You cannot claim if you have resigned, been suspended or absconded from work."
Wut
Executive Member
Pfff. I'm hoping I will die young doing something I love.
The_MAC
Honorary Master
This might be your last comment, go well..
diapason
Expert Member
Retirement is considered to be termination of contract, not resigning, but you do need to be 60 plus. I retired early in July 2016 a couple of months after turning 60. I claimed UIF based on the maximum UIF-able salary of about R14800 (don't remember the exact amount), therefore the lowest percentage which I think was 38% and at that stage the payment was based on slightly under 8 months. My total payment was slightly over R43k. Since then I think that the payment period has been increased to a year. If you've been contributing all your working life you may as well follow up on that.UIF unemployment benefits | South African Government
When your employer terminates your service, you can apply to the Unemployment Insurance Fund (UIF) for benefits. The benefits are only available to you if you have been contributing to the UIF while you worked. You cannot claim if you have resigned, been suspended or absconded from work. You may...www.gov.za
Seems I would not be able to claim UIF when I go on pension, that's considered to be resigning.
Taken from the website:
"UIF unemployment benefits
When your employer terminates your service, you can apply to the Unemployment Insurance Fund (UIF) for benefits.
The benefits are only available to you if you have been contributing to the UIF while you worked. You cannot claim if you have resigned, been suspended or absconded from work."