Local Government: Municipal Systems Act, 2000 (Act No. 32 of 2000)RegulationsLocal Government: Regulations on Appointment and Conditions of Employment of Senior ManagersChapter 5 : Benefits37. Retirement or pension fund membership |
| (1) | A senior manager must belong to a retirement or pension fund registered in terms of the Pension Funds Act. |
| (2) | A senior manager must annually submit proof of membership of the retirement or pension fund to the municipality. |
| (3) | A senior manager must be afforded an opportunity to make a once-off choice in respect of a retirement or pension fund to which he or she wants to become a member, including a retirement or pension fund accredited by the bargaining council designated for municipalities: Provided that such fund must be registered in terms of the Pension Funds Act. |