Engineering Industries Pension Fund | 42 Anderson Street, City West, Johannesburg 2001, Gauteng

The Engineering Industries Pension Fund having been named and being the continuation of the Metal Industries Group Life and Provident Fund with which the Metal Industries Group Pension Fund was merged with effect from 1 January 1995 was first established in 1957Until 31 March 2012 the Engineering Industries Pension fund was a Defined Benefit fund This means that the benefits that are payable in terms of the Rules are guaranteed and are fixed in nature The Fund bears the risk and benefits payable on retirement must be paid as a monthly income and are payable to the member for the rest of his or her life The Board of Trustees decided to convert the active member section of the Fund to a Defined Contribution based Fund as from 1 Apri