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Can you claim UIF in South Africa if you retire?

5. Are former employees entitled to unemployment benefits upon resignation or retirement? An employee who had resigned or retired may not claim unemployment benefits from the Unemployment Insurance Fund (UIF).

Can you claim UIF if you retire at 65 in South Africa?

You can not claim if you have taken early retirement. You can claim retirement benefits through us if you are a South African national and have a barcoded ID book.

What is the retirement age in South Africa?

Our internal member data indicates that while 65 remains the official retirement age, most South Africans cant afford to retire at this age. Most people will need to work an additional 15 years to achieve financial security in retirement.

Can you claim unemployment when you retire?

If your company has a mandatory retirement age, when you reach that age you leave the job, you dont have a choice. If youre recently retired because you reached your companys mandatory retirement age and your only income is from Social Security, youre probably eligible for unemployment compensation.

Do you get full benefits if you retire at 65?

The full retirement age increases gradually if you were born from 1955 to 1960 until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67. The chart on the next page lists the full retirement age by year of birth.