Employee Benefits

Assessing benefit structures, and making recommendations, to ensure benefits and provisions are optimally structured, by considering the nature of the Employer’s staff complement and industry.

Many companies are looking for ways to manage their costs. With years of experience in assessing cost structures and because we are independent consultants, it has been possible to access the most appropriate opportunities in the market. Many of our clients have therefore benefited from cost savings over the years. This has meant that the Employer could contribute less and/or benefits being improved for members.

Helping the Company’s Retirement Committee to establish an investment strategy and then identify appropriate investment managers/portfolio(s) to implement the investment strategy. An incorrect strategy will affect long-term retirement benefits, which could result in members not having sufficient funds when they retire.

Ensuring that these benefits are appropriate and regularly attending to a market test of rates and applicable terms and conditions, to ensure that these are competitively priced and that policy conditions, as well as provisions, are appropriate. In addition, advising of new opportunities to consider in respect of these valuable benefits.

This is a very important aspect of retirement funds, that is often overlooked. Garrun EB focuses on keeping communication simple so that it can be understood not only by the Company officials but more importantly by the employees. We offer in-person, virtual and even pre-recorded benefit presentations, in a variety of official South African languages.

Keeping abreast with changes and current trends while ensuring that the Employer remains compliant and maximises opportunities through retirement and risk-benefit arrangements. Legislation has been changing dramatically, resulting in Employers needing to be more up to date, to ensure that benefits are correctly structured, and therefore providing for efficient processing of these benefits to members. It is important for companies to be proactive in ensuring that requirements are correctly attended to, which is what Garrun EB prides itself on.