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| South Africa NATIONAL LEGISLATION OVERVIEWS  |
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Pension
Funds Amendment Act, No. 31 of 2024
NOTE: Assented to and published in English, with alternative copy in Afrijaans, except iro title/text/engrossments in the following sections: s21 to s24 (Zulu/Zulu/Zulu)
NOTE: Assented to and published in English, with alternative copy in Afrijaans, except iro title/text/engrossments in the following sections: s21 to s24 (Zulu/Zulu/Zulu)
Long title
To amend-
- the Pension Funds Act, 1956,
so as to insert certain definitions in order to provide for the
introduction of the savings withdrawal benefit; to provide for the
appropriate account of a member’s interest in the savings, retirement
and vested components; to provide for deductions that may be made;
- the Post and Telecommunications-related Matters Act, 1958, so as to insert certain definitions in order to provide for the introduction of the savings withdrawal benefit; to provide the appropriate account of a member’s interest in the savings, retirement and vested components; to provide for deductions that may be made;
- the Transnet Pension Fund Act, 1990, so as to insert certain definitions in order to provide for the introduction of the savings withdrawal benefit; to provide for the appropriate account of a member’s interest in the savings, retirement and vested components; to provide for deductions that may be made;
- the Government Employees Pension Law, 1996, so as to insert certain definitions in order to provide for the introduction of the savings withdrawal benefit; to provide for the appropriate account of a member’s interest in the savings, retirement and vested components; to provide for deductions that may be made,
- the Post and Telecommunications-related Matters Act, 1958, so as to insert certain definitions in order to provide for the introduction of the savings withdrawal benefit; to provide the appropriate account of a member’s interest in the savings, retirement and vested components; to provide for deductions that may be made;
- the Transnet Pension Fund Act, 1990, so as to insert certain definitions in order to provide for the introduction of the savings withdrawal benefit; to provide for the appropriate account of a member’s interest in the savings, retirement and vested components; to provide for deductions that may be made;
- the Government Employees Pension Law, 1996, so as to insert certain definitions in order to provide for the introduction of the savings withdrawal benefit; to provide for the appropriate account of a member’s interest in the savings, retirement and vested components; to provide for deductions that may be made,
and to provide for matters connected therewith.
Table of contents
| SECTION | TITLE |
| 1. | Amendment of section 1 of Act
24 of 1956... |
| 2. | Amendment of section 2 of Act 24 of 1956... |
| 3. | Amendment of section 14B of Act 24 of 1956... |
| 4. | Amendment of section 19 of Act 24 of 1956... [NOTE
Omits amendment by Act 1980_099_039_19800801 iro s1(f) and s5((a)(iii);
amendment by Act 1989_009_000_199890315_11743 Sch2 Part6 iro
s2(3)(a)(i); and amendment by Act 2008_022_017_20090930 iro
s19(5)(b)(iii)] |
| 5. | Amendment of section 37A of Act 24 of 1956... [Omits amendment by Act 1998_099_000_19981127 iro s37A] |
| 6. | Substitution of section 37D of Act 24 of 1956... |
| 7. | Amendment of section 1 of Act 44 of 1958... [WIP - check versions] |
| 8. | Insertion of section 1A in Act 44 of 1958 |
| 9. | Substitution of section 10B
of Act 44 of 1958... |
| 10. | Substitution of section 10F of Act 44 of 1958... |
| 11. | Amendment of section 1 of Act 62 of 1990... [Omits amendments by Act 2007_006_001_200070907 iro s1] |
| 12. | Insertion of section 1A in Act 62 of 1990 |
| 13. | Amendment of section 6 of Act 62 of 1990... |
| 14. | Substitution of section 7 of Act 62 of 1990... |
| 15. | Insertion of section 7A in Act 62 of 1990 |
| 16. | Substitution of section 9 of Act 62 of 1990... |
| 17. | Insertion of section 10A in Act 62 of 1990 |
| 18. | Insertion of section 11A in Act 62 of 1990 |
| 19. | Amendment of section 13 of Act 62 of 1990... |
| 20. | Amendment of section 14A of Act 62 of 1990... |
| 21. | Amendment of section 1 of Proclamation 21 of 1996... [NOTE Referred to by LegalB as Act 1996_00A] |
| 22. | Insertion of section 1A in Proclamation 21 of 1996 |
| 23. | Substitution of section 21 of Proclamation 21 of 1996... |
| 24. | Substitution of section 24A of Proclamation 21 of 1996... |
| 25. | Short title and commencement |
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