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

Notices

Bargaining Council for the Furniture Manufacturing Industry

Chapter 2

10. Benefits Inalienable
Purchase cart Previous page Return to chapter overview Next page

 

10.1The benefits provided for by the Funds/Schemes referred to in this chapter shall not be transferable and any member who attempts to assign, transfer, pledge or hypothecate his rights may forthwith cease to be entitled to any benefits whatsoever, and membership of the Funds/Schemes in respect of members and their dependants may be terminated by the Council or Board of Trustees: Provided that a members Provident Fund benefits may, with the approval of the Board of Trustees and the Financial Services Board as the case may be, be transferred to another registered, recognised provident/pension fund.

 

10.2No benefit or right to any benefit shall be capable of being ceded, transferred, assigned or otherwise made over, or pledged or hypothecated. No contributions made by  a member or on his behalf shall be liable to be attached or be subject to any form of execution under a judgement or order of a court of law except in terms of section 370 of the Pension Funds Act, 1956 (Act 24 of 1956)(as amended).