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Government Employees Pension Law, 1996

Annexure 1 : Government Employees Pension Law, 1996

20. Benefits may not be granted or varied except in accordance with an Act of Parliament

 

(1) Save as is otherwise provided in this Law, no award of a benefit or any increase thereof and no alteration of any condition or condonation of a breach of any condition upon which such benefit is by law earned or to be earned in respect of a pensioner of the Fund, the Temporary Employees Pension Fund, the Associated Institutions Pension Fund or a previous fund, shall be lawful unless the award, increase, alteration or condonation is authorised by an Act of Parliament.

[Annexure 1 Section 20 substituted by section 16 of the Financial Matters Amendment Act, 2023 (Act No. 9 of 2023), Notice No. 3651 of GG48917, dated 7 July 2023 - effective 14 July 2023 per Commencement Notice No. 3683 of GG48962, dated 14 July 2023]

 

(2) If an award contemplated in subsection (1) is granted, the employer shall immediately compensate the Fund in full for the liability incurred by the Fund as calculated by an actuary.