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South Africa
NATIONAL LEGISLATION OVERVIEWS
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Transnet Pension Fund Amendment Act, No. 6 of 2007

Long title

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.

Table of contents

SECTION TITLE

PREAMBLE
1. Amendment of section 1 of Act 62 of 1990...
2. Substitution of section 2 of Act 62 of 1990
3. Substitution of section 3 of Act 62 of 1990...
4. Substitution of section 4 of Act 62 of 1990
5. Insertion of section 4A in Act 62 of 1990
6. Amendment of section 5 of Act 62 of 1990...
7. Amendment of section 6 of Act 62 of 1990...
8. Substitution of section 7 of Act 62 of 1990
9. Amendment of section 8 of Act 62 of 1990
10. Substitution of section 9 of Act 62 of 1990
11. Substitution of section 10 of Act 62 of 1990
12. Substitution of section 11 of Act 62 of 1990...
13. Substitution of section 12 of Act 62 of 1990...
14. Substitution of section 13 of Act 62 of 1990
15. Amendment of section 14 of Act 62 of 1990...
16. Amendment of section 14A of Act 62 of 1990...
17. Amendment of section 14B of Act 62 of 1990...
18. Insertion of section 15A in Act 62 of 1990
19. Short title and commencement

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