Government Employees Pension Law, 1996Annexure 2 : Government Employees Pension Law Transitional Provisions3. Continuation of the pension fund management and administration |
As from the fixed date—
| (1) | the authority responsible by law for the administration of the Government Service Pension Fund as on the day preceding the fixed date, shall notwithstanding the repeal of the Government Service Pension Act, 1973 (Act No. 57 of 1973), administer the Fund until such time the Board determines otherwise in terms of section 7 of the Law; |
| (2) | the authorities or bodies responsible by law or contract for the management and administration of the previous funds, as on the day preceding the fixed date, shall, where applicable subject to the relevant contract, continue to manage and administer the said funds until the date determined in section 14(1) and 15(1) of the Law; and |
| (3) | all property, equipment and goods, other than those referred to in sections 2 and 14 of the Law, at the disposal of the Government Service Pension Fund, the Temporary Employees Pension Fund and the previous funds as on the day preceding the fixed date, shall on such terms and conditions as agreed upon by the Board and the Minister of Finance be at the disposal of the Board until such time as the Board in consultation with the Minister of Finance determines otherwise. |