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


National Bargaining Council for the Clothing Manufacturing Industry

Consolidated Provident Fund Collective Agreement for the KwaZulu-Natal Region

19. Transfers


Notwithstanding any other provisions of this Agreement, and with the consent of the Management Committee, a member or group of members may transfer from the Fund to another provident fund or pension fund for which they are eligible for membership. In such case an amount determined in accordance with the proviso to clause 9 (1) shall be transferred to such other provident fund or pension fund to be applied thereunder in accordance with the rules of such a fund, and the member shall thereafter have no further claim on the Fund.