info@psptf.mw | P.O. Box 30146, City centre, Lilongwe
info@psptf.mw | P.O. Box 30146, City centre, Lilongwe
Death benefits are payable on application to the Fund after a member’s death. The application should be supported by a death certificate or report from the Registrar General’s Office or a certified medical practioner or a letter signed by the District Commissioner or a Traditional Authority from the deceased member’s home district
The nominated beneficiaries of the deceased member will be paid the total accumulated contributions plus a group life assurance benefit.
Each beneficiary’s share of the deceased member will be paid directly into their bank account. Where the beneficiary is a minor, the Trustees have a duty to preserve the benefits through investing their share of the benefits. Guardians of the minor can apply to withdraw some of the preserved benefits for upkeep and education needs of the minor.
Are you looking for a way to secure your future and enjoy your retirement? you can find out how much you can expect to receive, how to manage your account, and how to plan for different scenarios.