Section 9: Contributions to Fund
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.
9. Contributions to Fund
(1) Subject to this section, every member and every employer shall
contribute to the Fund in accordance with this Act and the Rules.
(2) Any contribution in respect of a staff employee shall be in accordance
with either the Second Schedule or the final salary scheme table as
determined by the Board on the advice of the actuary.
(3) Where the final salary scheme table is applied, the level of
contributions of the employer may be increased or reduced in accordance
with a valuation certificate issued by an actuary, provided that any
contribution made by an employer shall not be less than the appropriate rate
specified in the Second Schedule.
(4) No insuring employer or employee of an insuring employer
contributing to that insuring employer’s pension fund shall be liable to
contribute to the Fund.
[S. 9 amended by s. 17 (a) of Act 28 of 2004 w.e.f. 26 August 2004.]