Contact us
Should your require additional information, please get in touch with us:
- +(876) 920-5474/5479
- operations@atlpension.com
- ATL Group Pension Fund Trustees Nominee Limited, 19 Beechwood Avenue, Kingston 5 Jamaica
In Service
If you die in service, the total in your account (your contributions along with the Company’s contributions plus interest and bonuses) is paid out to your named beneficiary. Once again, it is important that your named beneficiary is at least 18 years old.
The lump sum will be paid tax-free, as directed by the Trustees of the Plan. It is therefore important that you keep your beneficiary form up to date, to let them know your wishes.
How does my beneficiary claim my death benefit?
On notification of your death the Company’s Human Resource Department will complete a Pension Refund Request Form as per requirements stated.
How is the claim processed?
The pension fund will:
Upon receipt of the completed form,
- ensure that the last contribution is posted, and
- update interest to the date of cheque processing
- if a copy of the beneficiary’s/trustee(s)’ birth certificate is not on file, one will be requested from the Company.
A cheque(s) will be drawn and signed by two authorised signatories of the Administrator and forwarded to the Human Resources Manager of the late employee’s Company.
The Company must receive proper identification from the beneficiary(ies) before disbursing the cheque(s).
Note:
If the beneficiary(ies) is/are under 18 years and an adult Trustee was not named, the benefit will remain in the Pension Fund until the beneficiary(ies) attain(s) 18 years of age.