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Transnet Pension Fund Amendment Act, No. 6 of 2007
To amend the Transnet Pension Fund Act, 1990, so as to delete or amend certain definitions and to define certain expressions; provide for the continued existence of the Transnet Pension Fund under the new name of the Transport Pension Fund; reflect the new status of the Transport Pension Fund as a multi- employer defined benefit fund; enable the continued membership of the Transnet Retirement Fund for those of its members who ceased to be employed by a Transnet employer and become employed by an alternative employer; provide for the creation of subfunds in the Transport Pension Fund; provide that general rules will determine the governance and management of the Transport Pension Fund; provide that special rules will determine contributions, obligations and benefits applicable to members of a subfund; provide for the establishment of subfund boards; provide for the valuation of each subfund; provide for the deduction from benefits of amounts payable in terms of maintenance orders; protect the special tax status of the Transport Pension Fund; and empower the Minister to make regulations; and o provide for matters connected therewith.
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