Appointing an Administrator Nominee serves the purpose of designating a person who will receive and manage your SPK savings in the event of your death.

Members have the option to appoint an Administrator Nominee in advance. The selected Administrator Nominee must be one of the next of kin, a lawyer, or a Shar'ie Lawyer (for Muslims).

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

1) Husband or Wife.

2) Children aged 18 years and above.

3) Parents.

4) Siblings.

5) Shar'ie lawyer/lawyer.

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.

However, in the event, your 1st Administrator Nominee is unable to carry out duties as Administrator or deceased, the 2nd Administrator Nominee will be contacted as so on.

The beneficiary may refer this matter to the Civil Court.

Upon the Member's death, the family members can report the death to TAP by providing the required documents. All the savings in the Member Account will be disbursed to the Member's beneficiaries or the appointed administrator.

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

From the Member's Account: the beneficiary will receive 100% of the balance in the Member Account.

From the Retirement Account: the dependents will receive derivative benefits based on the following scenarios:

For Member who passes away before the age of 60, the dependent 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.

Dependents 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 have contributed in the past 3 months before death.

For Member who passes away between the age of 60 and below the age of 75, the dependent 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 being received.

If the first Nominee passes away, the Member's SPK savings balance will be paid to the next Nominee in the list and so on. If all three Nominees of the Administrator are deceased, the savings of the Member SPK will be handed over to the Administrator Officer appointed by the Syariah Court or Probate Office.

Yes, as long as there are complete supporting documents during Nomination application.

No, Members’ savings balance and derivative benefit will be paid to the Administrator Nominee appointed by the Member.

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.

In the absence of eligible dependents, the balance of the Derivative Benefit will be paid to the Administrator Nominee or the beneficiary as lump sum.

The eligible dependents will be spouse who has not remarried and child aged under 21 years old and not yet married.

The eligible dependents in this case will be your unmarried spouse and the child under 21 years old. They will receive the Derivative Benefit for a coverage period of 15 years from the date of death, with the amount specified below:

For Member who passes away before the age of 60, the dependent 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.

Dependents 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 have contributed in the past 3 months before death.

For Member who passes away between the age of 60 and below the age of 75, the dependent 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 being received.

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. 

In this case, the Derivate Benefit will be paid in lump sum to the next of kin or Administrator Nominee.