Appointing an Administrator Nominee allows a Member to designate a trusted person who will be responsible for receiving and managing the Member’s SPK savings in the event of their death.

• This nomination can be made in advance
• The nominee must be either a next of kin, a lawyer, or a Shar’ie lawyer (for Muslim Members)

A Member may appoint up to three (3) nominees.

The appointed person must be one of the next of kin or one of the following individuals:

1. Spouse: Husband or Wife.
2. Children aged 18 years and above.
3. Parents.
4. Siblings.
5. Lawyer or Shar’ie lawyer.

Members can decide on the priority of the Administrator from the first to the third Administrator.

Upon reporting of death to TAP and verifying your appointed administrator, all the savings in your Member Account will be transferred to the 1st Administrator Nominee. The administrator will then be responsible for distributing the savings to the eligible beneficiaries accordingly.

If the first Administrator Nominee is unable to carry out the duties as Administrator due to death, unsound mind, or physical/mobility impairment, the following Administrator Nominee (if any) will receive the Member’s savings or Derivative Benefit balance.

If no Administrator is nominated, or the nominated person is unable or unwilling to act:

1. Beneficiaries must obtain:
2. • An Administration Appointment Letter from the Probate Office, or
   • A Faraid Certificate from the Syariah Court (for Muslims)
     
     
3. Payment will be made:

• To the court-appointed Administrator, or
• To the named beneficiaries in accordance with:
• • Hukum Syara’ (for Muslims)
  • The will or intestate succession laws (for non-Muslims)

If a Member passes away, family Members must notify TAP and provide the necessary supporting documents. Upon verification:

• 100% of the SPK Member Account savings will be disbursed to the appointed Administrator Nominee or to the court-appointed administrator (if none is nominated).
• The appointed Administrator is responsible for managing and distributing the savings to the rightful beneficiaries.

The dependants and beneficiaries of the deceased Member receive the following benefits:

• From the SPK Member's Account: the beneficiary will receive 100% of the balance in the Member Account.
• From the SPK Retirement Account: the dependants will receive derivative benefits based on the following scenarios:

For a Member who passes away before the age of 60, the dependants will receive (Derivative Benefit for a period of 15 years), whichever is higher:

1. Derivative Benefit of $400 per month OR
2. 50% of the latest annuity estimates.

Dependants are eligible to receive a minimum of $400 if they meet the conditions, such as having contributed for at least 25% of the Membership period as a TAP Member or having contributed in the past 3 months before death.

For a Member who passes away between the ages of 60 and below the age of 75, the dependants will receive payment for the period, the remaining age of the Member reaches the age of 75 (assumption if still alive), whichever is higher:

1. Derivative annuity of $250 per month OR
2. 50% of the annuity is being received.

If the first Administrator Nominee is deceased, the balance will be paid to the next nominee in sequence. If all three of the Administrator Nominees are deceased, the Member’s SPK savings will be handed over to the Administrator Officer appointed by the Syariah Court or Probate Office.

Yes. You may nominate your child as an Administrator as long as all required documentation is complete and submitted during the nomination process.

In the SPK, the eligible recipients for derivative benefits are as follows:

- Husband or wife (who has not remarried);

- Children under the age of 21 and not married; and

- Parents of Member who are not married.

If there are no eligible dependents, the balance of the derivative benefit will be given in lump sum to the next of kin or Administrator Nominee.

If there are no eligible dependants, the Derivative Benefit will:

• Be paid in a lump sum to the Administrator Nominee, or
• If no nominee exists, to the appointed Administrator or beneficiary as per legal procedures.

  The eligible dependants in this case are:

• Your spouse who has not remarried, and
• Your child who is under 21 years of age and unmarried.

For a Member who passes away before the age of 60, the dependants will receive (Derivative Benefit for a period of 15 years), whichever is higher:

1. Derivative Benefit of $400 per month, OR
2. 50% of the latest SPK annuity estimates.

To be eligible for the minimum Derivative Benefit of $400 per month, the Member must have:

• Contributed for at least 25% of their eligible Membership period, or
• Made contributions within the 3 months prior to their passing.

For a Member who passes away between the ages of 60 and below the age of 75, the dependants will receive payment for the period, the remaining age of the Member reaches the age of 75 (assumption if still alive), whichever is higher:

1. Derivative annuity of $250 per month OR
2. 50% of the annuity the Member was receiving at the time of death.

Based on the criteria stated, the derivative benefit will be received by your unmarried spouse who has not remarried. If the spouse passes away or remarries, the remaining balance of the derivative benefit will be paid in lump sum to the next of kin or Administrator Nominee.