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South Africa (914) > Social security (general standards) (153)

Name: Pension Funds Amendment Act [No 11 of 2007].
Country: South Africa
Subject(s): Old-age, invalidity and survivors benefit
Type of legislation: Law, Act
Adopted on: 2007-08-26
Entry into force:
ISN: ZAF-2007-L-77168
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=77168&p_lang=en
Bibliography: Act on-line Act on-line South African Government Information, 29 pages (consulted on 2007-11-20)
Abstract/Citation: Amends the Pension Funds Act, 1956, inter alia, to clarify certain expressions and provisions in line with their practical application. Updates references to legislation and institutions. Deletes outdated provisions. Clarifies the provisions on the determination and apportionment of actuarial surplus in a pension fund. Provides for the application of the said Act to certain funds. Provides for the granting of a minimum pension increase to pensioners and extends and clarifies the provisions on deductions that may be made from pension benefits.
Amended text(s):

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