Government Employees Pension Law, 1996Annexure 1 : Government Employees Pension Law, 199620. 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. |