SABS Retirement Fund

Name Memela N E Billing group SABS

Membership number M21406095
Payroll number 000000022333

Date of calculation as at 30/06/2022

Date of pensionable service 01/07/2019 Normal retirement date 30/09/2047
Annual pensionable salary R257,072 Normal retirement age 60
Current fund credit R142,721 Net funding rate contributions 16.485%
Date of birth 28/09/1987 Gender Male
Your expected annual pension at retirement, in today’s money terms and based on three different growth
scenarios, can be shown as follows:

10 years before normal retirement age Retirement age Normal retirement age

The above figures are present value, meaning they are relative to your current salary.
Based on the three different scenarios and the assumptions on the back of the statement or www.alexanderforbes.co.za, you can
expect to receive an annual pension of between R89,754 and R140,626 (in today’s money terms) at your normal retirement date.
This is between 34.9% and 54.7% of your expected salary at your normal retirement date. If you retire earlier, your pension will be
lower.
The different growth scenarios show how different investment returns can change the expected amount of your pension. There is
more information about the different growth scenarios on the back of this statement or log onto www.alexanderforbes.co.za and click
on the online services tab.
How to achieve a reasonable pension
Research has shown that it is reasonable to aim for a pension that is 75% of your salary before retirement. In your case, this is a
pension of R192,804 a year in today’s money terms. The amount may not be what you need though, given your personal
circumstances. Speak to a financial adviser to calculate what your requirements are.
If you have no other savings for your retirement and would like to retire at your normal retirement age with a pension of
R192,804 a year (in today’s money terms) you will need to save more, or work longer. The table below shows the estimated
amount you will need to save, or the age that you need to work until before you retire.
Unfavourable Expected Favourable
scenario scenario scenario
Your annual pension (in today’s money terms) at normal retirement age R89,754 R111,812 R140,626

Extra contributions needed to get a pension (in today’s money terms) of 22% 14.2% 7.5%
R192,804 a year at normal retirement age

Age you need to work to, to be able to retire with a pension (in today’s 72 68 64
money terms) of R192,804 a year*

* Most employers will not allow you to keep working after normal retirement age, so you might need to find other work. Please refer
to your fund rules and employment contract for further details.