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Investment Policy Statement - July 2010

2009 Annual Report

 

 

 

 

 

 

 

Disablement

What is Disablement Benefit?


This benefit is paid to a person who has exhausted his or her entitlement to Injury benefits and suffers from a loss of physical or mental faculty which amounts to not less than 1%.


What is the Duration of the Benefit?


The benefit may be paid as a Pension or a Grant, depending on the Doctor’s assessment of the degree of disablement. Thirty percent (30%) or more is equivalent to a Pension and less than 30% is equivalent to a Grant.


What is the Rate of the Benefit?


The rate of benefit is 70% of the weekly insurable earning times the percentage degree of disablement.