South African National Space Agency Act, 2008 (Act No. 36 of 2008)

16. Pensions

Purchase

(1)	The Agency may, under the Pensions Fund Act, 1956 (Act No. 24 of 1956), establish a pension fund for its employees.

(2)	Any employee of the Agency who was, prior to the commencement of this Act, a member of the GEPF, may—

(a)	remain a member of the GEPF;

(b)	terminate her or his membership of the GEPF and join the pension fund established in terms of subsection (1); or

(c)	elect dormant membership of the GEPF in accordance with section 27 of the GEPL.