Transcription of PROVIDENT FUND BENEFIT STATEMENT STARTING DATES
1 PROVIDENT fund BENEFIT STATEMENT STARTING DATES The Auto Workers PROVIDENT fund and Motor Industry PROVIDENT fund have recently been upgraded to a new computer system. The transfer has been highly successful. All financial and BENEFIT detail is correctly reflected on current BENEFIT Statements issued by the Funds or drawn from the internet. Unfortunately, certain challenges were experienced with regard to matching STARTING DATES of members on these Funds with STARTING DATES reflected on previous BENEFIT STATEMENT issued via the old system. This was mostly due to some members having previously been on other motor industry funds (including the old Pension Funds). PROVIDENT fund STARTING DATES also appear to be mistaken for employment STARTING DATES in some instances. Accordingly, please note that - With effect from 1 April 2017, the main aim in determining the STARTING date on the new format STATEMENT is to show the earliest PROVIDENT fund STARTING date in either PROVIDENT fund only, as the old Pension Funds no longer exist.
2 benefits accumulated in previous Motor Industry Pension Funds have been transferred to the current PROVIDENT fund and are reflected next to the heading LUMP SUMS INCLUDED if applicable, on each STATEMENT . We confirm that the STARTING date on BENEFIT STATEMENT does not influence the accuracy of the BENEFIT calculation in any way and that steps are currently under way in altering incorrect versions of the STARTING date . MOTOR INDUSTRY fund ADMINISTRATION
