| 8.1 |
Subject to the provisions of the Law— |
| 8.1.1 |
the amount which a member contributes to the Fund in terms of rule 7.1 shall be deducted from his or her pensionable emoluments monthly and from his or her annual service bonus when it is paid to the member as the case may be, or at such times as the Board may, from time to time, determine; |
| 8.1.2 |
any amount which the employer contributes to the Fund in terms of rule 7.2 shall be determined simultaneously with the contributions of the members in the employer's service; and |
| 8.1.3 |
any amount which a member or an employer is obliged to pay to the Fund in terms of rules 11 or 12 shall be recovered from the member's pensionable emoluments or from the employer as the case may be, monthly or in such manner and at such times and in such instalments as the Board may determine; |
and immediately paid to the Fund: Provided that if any employer does not pay the contributions to the Fund within seven days after it becomes due, interest shall be paid by the employer to the Fund at the rate prescribed as from such due dates.
| 8.2 |
A member shall continue to contribute to the Fund— |
| 8.2.1 |
while he or she is absent on sick- or other leave with full or less than full pay calculated on his or her full pensionable emoluments; |
| 8.2.2 |
While he or she is absent on leave without pay for a continuous period of 120 days or less calculated on his or her full pensionable emoluments on the day immediately prior to the day on which such leave of absence commenced; |
| 8.3 |
With due consideration of the contents of rule 10.1(a), if a member is absent on leave without pay for a continuous period of more than 120 days, he or she remains a member of the Fund after the expiry of the first 120 days of such period, and no contributions are payable to the Fund by or in respect of the member after expiry of the period of 120 days. |
Older Persons Act, 2006
