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Labour Relations Act, 1995 (Act No. 66 of 1995)

Notices

Bargaining Council for the Metal and Engineering Industries

Extension to Non-parties of the Consolidated Pension Fund Collective Amending Agreement

4. Continuation of the Fund

 

(1) The Engineering Industries' Pension Fund (hereinafter referred to as the "Fund), established in terms of Government Notice R. 1087 of 19 July 1957, is hereby continued.

 

(2) The Fund shall consist of—
(a) all monies and assets standing to the credit of the fund as at the date of coming into operation of this Agreement;
(b) all contributions paid by employers and members in accordance with clause 6 of this Agreement;
(c) all investment income derived from the investment of any monies of the Fund; and
(d) any other monies to which the Fund may become entitled.

 

(3) The Parties agreed to ensure that the Surplus Agreement of the Fund is implemented in consultation with the Fund, and that the terms of this Agreement are consistent with the Surplus Agreement.