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NATIONAL LEGISLATION OVERVIEWS
NATIONAL LEGISLATION OVERVIEWS
Transnet Pension Fund Amendment
Act, No. 6 of 2007
NOTE: Assented to and published in English, with alternative copy in Afrikaans
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
Legislation Text Access Point
NOTE: Assented to and published in English, with alternative copy in Afrikaans
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 |
Legislation Text Access Point
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