Section 3:
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.
3. Where the total amount under paragraph 1 (a) or 2 (a) is not sufficient,
any deficiency shall be met from the Workfare Programme Fund.
[Third Sch. added by s. 70 (4) (i) of Act 33 of 2008 w.e.f. 2 February 2009; repealed and replaced by s. 30 (e) of Act 14 of 2009 w.e.f. 1 July 2009.]
N23 – 15 [Issue 3]
National Savings Fund Act
FOURTH SCHEDULE
[Section 5C]
TRANSITION UNEMPLOYMENT BENEFIT
Period after termination of employment Rate of benefit per month
First 3 months 90 per cent of the monthly basic wage
or salary but not less than Rs 3,000
From 4th month to end of 6th month 60 per cent of the monthly basic wage
or salary but not less than Rs 3,000
From 7th month to end of 12th month 30 per cent of the monthly basic wage
or salary but not less than Rs 3,000
In this Schedule, basic wage or salary means—
(i) where the pay period is a month, the basic wage or salary payable
for the complete month immediately preceding the month in respect
of which entitlement arises; or
(ii) where the pay period is less than a month, the equivalent monthly
basic wage or salary payable for the relevant pay periods preceding
the month in respect of which entitlement arises.
[Fourth Sch. added by s. 70 (4) (i) of Act 33 of 2008 w.e.f. 2 February 2009; amended by
s. 30 (f) of Act 14 of 2009 w.e.f. 1 July 2009.]
[Issue 3] N23 – 16