Maintenance Act, 1998
R 385
"employer surplus account"
in relation to a fund, means an account provided for in the rules of the fund to which shall be credited—
| a) | amounts allocated by the board in terms of sections 15C and 15F or transferred into the fund for the credit of the account in terms of section 15E (1) (e); |
| b) | such contributions as are specified in the rules to be credited to this account; and |
| c) | fund return on the balance in the account from time to time: Provided that the board may elect to smooth the fund return, |
and to which shall be debited—
| d) | any actuarial surplus utilised by the employer; and |
| e) | any actuarial surplus transferred to any other account in the fund at the request of the employer or transferred to another fund in terms of section 15E (1) (e); |
[Definition amended by section 1(j) of Act No. 45 of 2013]
