In the case of membership being for a period of less than 12-months, pro-rated annual benefits will apply and will be adjusted accordingly. Pro-rated annual benefits are not only applicable on termination, but also when joining the Fund during the course of any financial year.
In the event of a member resigning from the Fund, the liability of the member will be limited to the amount of unpaid monthly contributions, together with any benefits incorrectly disbursed by the Fund. Any amount owed by the member will be recouped from that member. In the event of a member terminating membership, any amounts still owed will be regarded as a debt to the Fund and must immediately be refunded.