Section 46: Actuarial valuation
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.
46. Actuarial valuation
(1) The Board shall, at intervals of not more than 5 years, cause an actuarial valuation of the Fund to be made, and shall determine, in the light of
that valuation, whether any, and if so, what re-adjustments or modifications
of the provisions of the Fund are necessary in the interest of the members.
(2) Any disposable actuarial surplus shall be applied to the increase of
benefits to members.
[S. 46 amended by Act 25 of 2000; s. 35 (10) (i) of Act 20 of 2001 w.e.f. 17 September 2001.]