Pension Funds Act definition

Pension Funds Act means the Pension Funds Act, 1956 (Act No. 24 of 1956);
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Pension Funds Act. ’ means the Pension Funds Act, 1956 (Act No. 24 of 1956); ‘‘person’’ means a natural person or a juristic person, and includes an organ of state;
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Pension Funds Act means the Pension Funds Act No. 24 of 1956, as amended;
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Examples of Pension Funds Act in a sentence

  • The Trustees are required to exercise their fiduciary duties in terms of the Pension Funds Act and other legislation, and to act in the best interests of the Fund and its Members at all times.

  • No contributions made by a member or on his behalf shall be liable to be attached or be subject to any form of execution under a judgement or order of a court of law except in terms of section 37D of the Pension Funds Act, 1956 (Act 24 of 1956)(as amended).

  • Benefits in the Fund are protected in terms of the Pension Funds Act and cannot be attached by a Member’s creditors in respect of any court judgement for debt, nor form part of the Member’s insolvent estate should a Member be sequestrated.

  • The Pension Funds Act requires the Trustees to determine who your dependants are, and to pay the benefit in proportions that they deem fair and equitable.

  • In terms of the Pension Funds Act, any benefit that is not paid within 24 months of it becoming due and payable is regarded as an unclaimed benefit.


More Definitions of Pension Funds Act

Pension Funds Act means the Pension Funds Act, No 24 of 1956;
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Pension Funds Act means the Pension and Provident Funds Act [Chapter 24:09];
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Pension Funds Act means the Pension Funds Act, 1956 (Act No. 24 of 1956);”;(zH) by the substitution in subsection (1) in the definition of “pension preservation fund” for the words preceding the proviso of the following words:
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Pension Funds Act means the Pensions Funds Act 24 of 1956;
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Pension Funds Act means the Pension Funds Act, 1956 (Act No. 24 of 1956); "pension fund administrator" means an administrator as defined in section 1(1) of the Pension Funds Act;
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Pension Funds Act means the Pension Funds Act, 1956 (Act No. 24 of 1956); “Protected Disclosures Act” means the Protected Disclosures Act, 2000 (Act No. 26 of 2000);
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Pension Funds Act means the Pension Funds Act, 1956 (No. 24 of 1956) (“the PFA”); and
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