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Military Pensions Act, 1976 (Act No. 84 of 1976)

Notices

Determination of Amounts for the Purposes of this Act 2022

Notice No. R. 1685 of 2022

 

Notice No. R. 1685

21 January 2022

GG 45779

 

National Treasury

 

1. The Minister of Finance has, in terms of the provisions of sections 1 and 5 of the Military Pensions Act, 1976 (Act 84 of 1976), read with section 3 (2) of the Act, determined that, with effect from 1 April 2021—

 

(a) for the purposes of formula 1 as defined in section 1 of the said Act, factor A of the said formula shall represent an amount—
(i) mentioned in the Schedule; or
(ii) the amount as determined by the Director-General to a minimum of R 104 971.32 according to which one of the said amounts is the most advantageous to the member:

 

(b) for the purposes of formula II, as defined in section 1 of the said Act, factor C of the said formula shall represent the amount of R15 388.92 and

 

(c) the gratuity payable to the member who suffers from a pensionable disability which has in terms of the said Act been determined at 10 per cent or less shall be R10 260.00;

 

(d) the gratuity payable to a member who suffers from a pensionable disability which has in terms of the said Act been determined at more than 10 per cent but less than 20 per cent shall be R20 518.00.

 

2. All members who are in possession of a three-year bachelor’s degree or a matriculation certificate and who have, immediately prior to 1 April 1998, received an amount as contemplated in paragraph 1 (a) of Government Notice No. R.1280 of 3 October 1997 shall receive an amount as set out in the Schedule.

 

3. Government Notice No. R 44292 of 19 March 2021 is hereby withdrawn.

 

 

Mr Enoch Godongwana, (LP)

Minister of Finance