The main aim of the Provident Fund is to provide the member with some means of support in his old age, so that he will not be wholly dependent on his family or public funds when he is no longer employed. There are, however, other occasions where the member is eligible for benefit from the Fund, and these are explained below.
The benefit is paid in one amount or in a limited number of installments, at the discretion of the Chief Executive Officer, but there is an annuity purchase scheme which can provide a member with an income for life during retirement or on being totally incapacitated from work due to injury or ill-health.
"The main aim of the Provident Fund is to provide the member with some means of support in his old age, so that he will not be wholly dependent on his family or public funds when he is no longer employed."
Benefits can be paid to a member who has the misfortune to become permanently unemployable through physical or mental disability; incapacity for work is assessed having regard to medical factors...read more.
If a member satisfies the Chief Executive Officer that he is about to emigrate, or has emigrated from Swaziland with no intention of returning to the Kingdom, an emigration benefit is payable without regard to age. ...read more.
If a member dies before qualifying for a personal benefit, the amount in his benefit account as available to surviving members of his family as a survivor’s benefit. Such a benefit is payable in accordance with the provisions of the SNPF Order No. 23 of 1974....read more.
Benefit on age grounds is paid when the member is 50 years of age, but it can be claimed before then as a "retirement benefit" if the member is at least 45 years of age and has retired from regular employment or become self-employed.
A member’s age is normally determined – in the absence of any documentary proof – by the employer, but, if there is any dispute et. as to age, the Chief Executive Officer is given authority to decide a member’s date of birth for the purpose of any benefit. ...read more.