Section 16: Changes in salary of associate
consolidated text (as at 2012). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
16. Changes in salary of associate
(1) Any change in the salary of an associate, so far as the rate of contribution or the amount of benefits is affected, shall become effective on
1 January or 1 July, as the case may be, which next follows the change or
coincides with it.
(2) Where the contribution of an associate changes as a result of a
change in his salary, the benefit secured by such contribution shall be determined as if the associate had begun contributing at the new rate at the age
he had when the change in salary took effect, and the amount of that benefit
shall be added to any benefit already secured by the associate’s previous
contributions.