National Savings Fund Act
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
Later amending instruments held: Business Facilitation (Miscellaneous Provisions) Act 2017 (Act No 4 of 2017), Finance (Miscellaneous Provisions) Act 2017 (Act No 10 of 2017), Finance (Miscellaneous Provisions) Act 2018 (Act No 11 of 2018), Finance (Miscellaneous Provisions) Act 2019 (Act No 13 of 2019), Workers' Rights Act 2019 (Act No 20 of 2019), Finance (Miscellaneous Provisions) Act 2020, Finance (Miscellaneous Provisions) Act 2022 (Act No 15 of 2022), Finance Act 2025 (Act No. 18 of 2025).
Ask juris about this law Official source
Sections
- 1 Short title
- 2 Interpretation
- 3 Establishment of Fund
- 4 Objects of Fund
- 5 Contributions to Fund
- 5A Joint liability of employer and job contractor in sugar industry
- 5B National Savings Fund Account
- 5C Transition Unemployment Benefit
- 5D Workfare Programme Fund
- 5E Recovery of overpayment
- 5F Payment of contribution to health insurance scheme
- 5AA Return
- 5AA Return
- 5AB Payment of contributions
- 5AB Payment of contributions
- 6 Duties of Minister
- 7 Technical Committee
- 8 Functions of Technical Committee
- 9 Financial provision and management
- 10 Investment of assets of Fund
- 11 Actuarial valuation of Fund
- 12 Accounts of Fund
- 13 Protection from liability
- 14
- 15 Offences
- 16 Surcharge on late contributions
- 17 Recovery of contribution or surcharge or recycling fee
- 17 Collection and recovery of contribution or recycling
- 18 Jurisdiction
- 19 Certificate admissible in evidence
- 20 Authentication of documents
- 21 Keeping of records and register
- 22 Power to summon
- 24 Regulations
- FIRST SCHEDULE
- 1
- 2 (a) Employees of a local 2.5% 1%
- THIRD SCHEDULE
- 1
- 2
- 3