The purpose of this page is to provide information to retirees, beneficiaries and their families on the Funds policies and procedures with regard to retirees and adult beneficiaries, who are less autonomous or can no longer manage their pension affairs.
The Fund’s policies and procedures with regard to retirees and beneficiaries who are less autonomous or can no longer manage their pension/financial affairs, as detailed below, are designed to ensure to the extent possible that benefits are paid to those that are entitled to receive them, and that there is proper management and accountability for the administration of the benefits. The Fund recognizes that its policies and requirements may lead to proceedings that can be costly and lengthy. All efforts are being made to alleviate unnecessary burden to retirees and beneficiaries. However, in this respect the Fund has to balance its practice with its fiduciary obligation to all Fund participants and beneficiaries. Certain safeguards are necessary in order to protect the Fund’s assets and minimize potential abuse of benefits paid to those who cannot manage their own pension affairs.