No. 21, 1996

19 April 1996

GG 17135

PROCLAMATION

by the

President of the Republic of South Africa

RATIONALISATION OF PENSION FUND AND BENEFITS: REPEAL, AMENDMENT AND REPLACEMENT OF CERTAIN PENSION LAWS

Under the powers vested in me by section 237(3) of the Constitution of South Africa, 1993 (Act No. 200 of 1993), I hereby repeal and amend the pension laws and replace it with the Law as set out in Annexure 1.

I further determine that the transitional provisions as set out in Annexure 2 be applied as regards the continuation of the pension fund management and administration and human resources arrangements.

I also determine 1 May 1996 as the date on which the said Law and transitional provisions shall commence.

Given under my Hand and the Seal of the Republic of South Africa at Pretoria this Eleventh day of April, One thousand Nine hundred and Ninety-six.

N. R. Mandela

President

By Order of the President-in-Cabinet

Z.S.T. Skweyiya

Minister of the Cabinet