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Section 4: Objects of Fund

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.

4. Objects of Fund The objects of the Fund shall be to— (a) provide for the payment of a lump sum to every employee on his retirement or in respect of every employee, at the time of his death; and (b) set up and operate for the benefit of employees, such schemes, including loan schemes, as may be prescribed. [S. 4 amended by s. 23 (b) of Act 18 of 2008 w.e.f. 1 July 2008; s. 70 (4) (b) of Act 33 of 2008 w.e.f. 2 February 2009.]

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