The Employees Trust Fund (TAP) will hold a roadshow on the National Retirement Scheme (SPK) at the International Convention Centre in Berakas on December 18-20 from 9am to 4pm.
The roadshow aims to share one of the benefits of SPK issuance, which is to allow members to name an administrator who will manage the administration of SPK members’ savings after the member passes away.
It will speed up the payment process of SPK members’ savings to heirs and dependents, the agency said. Members are allowed to appoint no more than three nominees consisting of husband or wife, children (aged 18 years and above), parents, siblings or lawyers/Syar’ie lawyers.
SPK members wishing to appoint nominee administrators must bring original supporting documents in order to appoint individuals.
If the individual appointed is a spouse, the supporting document needed is a copy of solemnisation certificate, while the individual appointed is a child (aged 18 years and above, then) a copy of the birth certificate is required.
If the individual appointed is a parent, the supporting document needed is a copy of the birth certificate of member while for a sibling, a copy of the sibling’s birth certificate is needed.
For an adopted child, a copy of adopted child’s certificate is required. If the appointed individual is a Syar’ie lawyer, a copy of the agreement signed between member and lawyer (legal letter) is required.
Members will receive clarification on the complete process and responsibilities borne by the administrator, who is responsible for receiving and administering the SPK savings of members who have passed according to Syara’ law or according to a will (if the deceased is not a Muslim) and not as single heir.
Members are advised to register first as a user of TAP’s online service portal e-Amanah at eamanah.tap.com.bn. – Azlan Othman
