This contains UNCERTIFIED COPY for information/reference. For authentic copy, please refer to certified copy only.  In case of any mistake, please bring it to our notice.


LegalB's Resources 
QUICK LINKS: ROOT DATABASE | OVERVIEW | VERSIONS & TEXT ACCESS TIMELINE | SUBORDINATE TEXTS | COMMENTARY | POTENTIAL TRANSGRESSOR LISTS | TEST FOR TRANSGRESSIONS | EMAIL A REQUEST FOR UPDATES | HELP | CONTACT US | SEARCH SITE | LOG OUT |

South Africa
NATIONAL LEGISLATION OVERVIEWS
LegalB Logo
Transnet Pension Fund Amendment Act, No. 41 of 2000

Long title


To amend the Transnet Pension Funds Act, 1990, so as to insert a definition; to empower the making of rules on the terms and conditions under which members may cede their rights and transfer assets commensurate with those rights from the Fund to the pension fund established by the employer; to provide for the guarantee of the financial obligations of the Second Fund by the employer; to empower the Second Fund to recover from the pensioner money due to Transmed; to deem the obligations of the employer and the State in respect of the new Fund and the Pension Fund to be obligations of the Transnet Pension Fund and the Transnet Second Defined Benefit Fund in proportions determined by the State Actuary; to rectify an error; to provide for the power of the employer to establish a pension fund; to provide for the establishment of the Transnet Second Defined Benefit Fund and to transfer pensioners from the Transnet Pension Fund to the Transnet Second Defined Benefit Fund; to provide for the Rules of the Transnet Second Defined Benefit Fund; and to provide for matters connected therewith.

Table of contents

SECTION TITLE
1.  Amendment of section 1 of Act 62 of 1990...
2.  Amendment of section 5 of Act 62 of 1990
3.  Amendment of section 6 of Act 62 of 1990
4.  Amendment of section 11 of Act 62 of 1990
5.  Amendment of section 12 of Act 62 of 1990
6.  Amendment of section 14 of Act 62 of 1990...
7.  Insertion of sections 14A and 14B in Act 62 of 1990
8.  Short title and commencement
Sch.  SCHEDULE

1 General

2 Definitions

3 Fund: Object, Membership, Contributions and Transfers

4 Registered Office

5 Board of Trustees

6 Disqualification and tenure of office of Board members

7 Meetings of Board of Trustees

8 Minutes

9 Powers of Board of Trustees

10 Executive Committee

11 Investment Committee

12 Manager and Principal Officer

13 Appointment of Secretary

14 Duties of Secretary

15 Confidentiality

16 Indemnification and insurance

17 Administration expenses

18 Accounts, audit and actuarial valuation

19 Unsound financial position

20 Appeals

21 Disposition of pension benefits on death of pensioner

22 Pension benefits

23 Death of pensioner

24 Annual increase

25 Payment to person other than beneficiary

26 Payment to estate

27 Provision in case of pensioner who is re-employed

28 Payment of pensions
 
Legislation Text Access Point

Versions
[To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.]
Access Official Gazette PDF  Request Subscription Fee Subscriber Access
As unamended Act 2000_041_000_20001031 EXT.LINK REQ.INFO LINK

* LegalB refers to a "version" of an Act or its sections in the format "YYYY_NNN_SSS_YYYYMMDD", which refers to "YEAR OF ACT_ACT NUMBER_SECTION OF ACT_DATE OF GAZETTE", and where "DATE OF GAZETTE" refers to the "YEAR_MONTH_DAY" on the face of the Gazette in which either the Act was originally published or in which the amending, lapsing or repealing instrument was published. Where any segment of the reference string contains only zeros, it means that information is not relevant, not made available, or unavailable.
* Unbolded grey text in square brackets is additional information provided by LegalB.
* "..." indicates further information not provided by LegalB for purpose of brevity
* An Asterisk indicates uncertainty regarding information, and a double asterisk indicates information must be read in the light of our relevant Commentary.
TOP
Copyright Rita V. Felgate 2018