ABSA Agricultural Sector Provident Fund - Benefits and Contribution Table

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	Provident Fund Death cover plus Funeral cover with Retirement benefits
Package	Plan A	Plan B	Plan C	Plan D	Plan E	Plan F	Plan G	Plan H	Plan I
Contribution	R86.00	R88.00	R105.00	R120.00	R136.00	R151.00	R237.00	R272.00	R508.00
Death cover plus Funeral cover:Member	-	R7 500	R10 000	R12 500	R15 000	R17 500	R25 000	R32 500	R65 000
Funeral cover: Spouse	-	R5 000	R5 000	R7 500	R10 000	R10 000	R10 000	R12 500	R15 000
Funeral cover: Child 14-21 years	-	R5 000	R5 000	R7 500	R10 000	R10 000	R10 000	R12 500	R15 000
Funeral cover: Child 6-13 years	-	R2 500	R2 500	R3 750	R5 000	R5 000	R5 000	R6 250	R7 500
Funeral cover: Child 0-5 years	-	R1 250	R1 250	R1 875	R2 500	R2 500	R2 500	R3 125	R3 750
Total costs	R12.40	R39.00	R44.87	R52.62	R60.37	R66.25	R83.87	R103.37	R181.62
Net retirement provision	R73.60	R49.00	R60.13	R67.38	R75.63	R84.75	R153.13	R168.63	R326.38

Plan A: Investment only

Notes:

The above-mentioned plans are offered on a group basis and subsequently the following points are important:

The members of a participating employer may individually elect whether they want to belong to Plan A to I within the Provident Fund
Members who elect to belong to Plan H or I have to earn a minimum salary of R30 000 per annum.
Above-mentioned Provident Fund represents a compulsory scheme, which means that all employees of the participating employer have to participate. Initially some members may choose not to be part of the scheme, but thereafter ALL newly appointed employees have to belong to the scheme.