juris

Pensions Act

consolidated text (as at 2015, 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: Finance (Miscellaneous Provisions) Act 2017 (Act No 10 of 2017), Finance (Miscellaneous Provisions) Act 2019 (Act No 13 of 2019), Finance (Miscellaneous Provisions) Act 2020, Finance (Miscellaneous Provisions) Act 2021 (Act No 15 of 2021), Finance (Miscellaneous Provisions) Act 2022 (Act No 15 of 2022), Finance (Miscellaneous Provisions) Act 2023 (Act No 12 of 2023), Finance (Miscellaneous Provisions) Act 2024 (Act No. 11 of 2024).

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Sections

  1. 1 Short title
  2. 2 Interpretation
  3. 3 Pension regulations
  4. 4
  5. 4A Pension contribution
  6. 5 Pensions not of right
  7. 6 Grant of pensions
  8. 6A Pension to officers in approved service
  9. 6B Deferred pension where an officer retires at the age of 45
  10. 6C Portable pension to officers leaving public service
  11. 7 Termination of employment in interest of service
  12. 8 Compulsory retirement
  13. 9 Maximum pension
  14. 10 Liability to take further employment
  15. 11 Suspension of pension on re-employment
  16. 12
  17. 13 Pension to cease on bankruptcy
  18. 14
  19. 15
  20. 16 Gratuity and pension where an officer or pensioner dies
  21. 16A Gratuity on death of officer transferred to approved service
  22. 16B Overpayment made to pensioner
  23. 17
  24. 18 Public Pensions Defined Contribution Pension Scheme
  25. 19 Public Pensions Advisory Committee
  26. 19A Actuarial valuation inserted by Act No 13 of 2019
  27. 20 Administration of funds and assets of individual accounts
  28. 21 Contribution to individual account
  29. 21A Transfer of portable benefits inserted by Act No 13 of 2019
  30. 22 Benefits of participants leaving the service or on dismissal
  31. 23 Payment of costs and benefits