15/04/2025
𝙻𝚒𝚋𝚎𝚛𝚝𝚢𝚜 𝚛𝚎𝚝𝚛𝚎𝚗𝚌𝚑𝚖𝚎𝚗𝚝 𝚙𝚛𝚘𝚝𝚎𝚌𝚝𝚘𝚛
This is an optional benefit designed to provide financial support if you’re retrenched under Section 189 of South Africa’s Labour Relations Act. It offers monthly payouts to help you manage essential expenses while seeking new employment. 
𝙺𝙴𝚈 𝙵𝙴𝙰𝚃𝚄𝚁𝙴𝚂:
• Monthly Payouts: Receive up to 75% of your after-tax income, capped at R30,000 per month.
• Benefit Duration: Choose between a 6-month or 12-month payout period. The 12-month option requires additional coverages, such as life cover, impairment, and income protector benefits, and must be combined with Liberty’s Loan Protection Package.  
𝙴𝙻𝚒𝚐𝚒𝚋𝚒𝚕𝚒𝚝𝚢 𝚌𝚛𝚒𝚝𝚎𝚛𝚒𝚊:
• Must be permanently employed and contributing to UIF.
• A minimum of two years of continuous permanent employment is required before claiming.
• A one-month waiting period applies after retrenchment before benefits commence.   
• Premium Waiver: During the claim period, Liberty waives the premiums for this benefit, ensuring continuous coverage without additional cost. 
The Retrenchment Protector is available as an add-on to Liberty’s Lifestyle Protector or Income Protector plans. To explore this option further, let’s review your portfolio and add this awesome benefit!