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Section 28: Members’ records

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.

28. Members’ records (1) A separate record shall be kept for each member showing— (a) the amount of his own contributions for each year, together with the total of such contributions up to date with annual accretions in respect of interest calculated at the prescribed rate; and (b) the amount of pension accruing in respect of each year’s contributions, including any pension in respect of past service. (2) Once in every year, and not later than 5 months after the last day of each financial year, a summary of his record as at such date shall be sent by the Board to each member. [S. 28 amended by s. 35 (10) (c) of Act 20 of 2001 w.e.f. 17 September 2001.]

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