Page 6 - Reeftankers - Annexure A Minutes

REEF TANKERS (Pty) Ltd 21 JULY 2017

Mr Ferreira requested a detailed list of his underwriting requirements. Mr Tillett agreed to
Prism
request this from TSA and to forward it to Mr Ferreira.

9. LEGAL

The Manco noted that the special rules rules (and any amendments) needed to be registered by
the Registrar (FSB) and approved by SARS. The Link2Link Umbrella Provident Fund had a set of
master rules and special rules were issued in respect of each participating employer.

The FSB registration numbers in respect of each employer were noted as follows:

Special Rules: The Link2Link Umbrella Provident Fund:
Link2Link Umbrella Provident Fund Ditsa 12/8/38141/7
Link2Link Umbrella Provident Fund Reef Fuel Oil Distributors 12/8/38141/8
Link2Link Umbrella Provident Fund Ambit Agencies 12/8/38141/9
Link2Link Umbrella Provident Fund Reef Tankers 12/8/38141/10

Rules Summary:
Description All Members Reef Fuel Oil
Distributors
Retirement Age 65 65
Employer Contribution 10% plus costs 14% plus costs
Administration Fee 0.285% 0.285%
Consulting Fee 0.237% 0.237%
Group Life Cover 0.913% 0.913%
Disability Income Cover 0.464% 0.464%
Dread Disease Cover 0.228% 0.228%
Funeral Cover 0.035% 0.035%
Total 12.162% 16.162%

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10. 3. COMMUNICATION

Details of communication to members were noted as follows: Prism

Newsletters To be distributed after the meeting

Benefit Statements Annual (June 2018)
Web Statements Upon request
Members Close to Retirement As required

Mr Tillett delivered the Reef Tankers benefit statements to Mr S Gounden and confirmed that the
benefit statements for Ditsa, Reef Fuel Oil Distributors and Ambit Agencies will be given to Mr S Prism
th
Gounden on the 25 July 2017.

11. 4. COMPLAINTS

No complaints were received during the period under review.

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