juris

Sugar Industry Pension 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: Finance (Miscellaneous Provisions) Act 2019 (Act No 13 of 2019), Finance (Miscellaneous Provisions) Act 2020, Social Contribution and Social Benefits Act 2021 (Act No 14 of 2021), Finance (Miscellaneous Provisions) Act 2022 (Act No 15 of 2022).

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Sections

  1. 1 Short title
  2. 2 Interpretation
  3. 3 Sugar Industry Pension Fund
  4. 4 Membership of Fund
  5. 4A Voluntary additional contribution
  6. 4B Specified Workers Gratuity Fund
  7. 6 Pensions or gratuities
  8. 6A Pension liability of Fund
  9. 6A Pension liability of Fund inserted by Finance Act 2016
  10. 6A Pension liability of Fund inserted by Act No 18 of 2016
  11. 6B Recourse to assets of Fund
  12. 6B Recourse to assets of Fund inserted by Finance Act 2016
  13. 6B Recourse to assets of Fund inserted by Act No 18 of 2016
  14. 7 Constitution of Fund
  15. 9 Contributions to Fund
  16. 9A Keeping of accounts
  17. 9A Keeping of accounts inserted by Finance Act 2016
  18. 9A Keeping of accounts inserted by Act No 18 of 2016
  19. 10 Payment of contributions
  20. 11 Privilege of Board
  21. 12 Date of payment
  22. 13 Special contribution
  23. 14 Labour Welfare Fund Committee
  24. 18 Costs of management of Fund
  25. 19 Management of Fund
  26. 20 The Board
  27. 21 Legal proceedings
  28. 23 Investment of Fund
  29. 23A Inscription of mortgage
  30. 24 Protection of members
  31. 25 Protection of individuals
  32. 26 Annual reports and accounts
  33. 27 Audit of accounts
  34. 28 Members’ records
  35. 29 Changes in wage grades
  36. 30 Non-qualifying service
  37. 31 Grant of pensions
  38. 32 Retirement on reaching 60
  39. 33 Rate of pension
  40. 33A Retirement gratuity payable to specified workers
  41. 34 Gratuity and reduced pensions
  42. 35 Past service pensions
  43. 36 Conversion of balances of associates
  44. 37 Resignation before 60
  45. 38 Computation of years of service
  46. 41 Pension in case of ill-health
  47. 42 Death before retirement
  48. 43 Death after retirement
  49. 44 Payment to widow
  50. 45 Transfers
  51. 46 Actuarial valuation
  52. 47 Readjustment
  53. 47A Funding of pension liabilities
  54. 47A Funding of pension liabilities inserted by Finance Act 2016
  55. 47A Funding of pension liabilities inserted by Act No 18 of 2016
  56. 47B Pension liabilities on transfer of undertaking, amalgamation, merger,
  57. 47B Pension liabilities on transfer of undertaking, inserted by Finance Act 2016
  58. 47B Pension liabilities on transfer of undertaking, inserted by Act No 18 of 2016
  59. 48 Protection of Fund money
  60. 49 Winding up of Fund
  61. 50 Realisation of Fund and distribution
  62. 51 Regulations
  63. 52 Exemptions