Pension Funds Act, 1956 (Act No 24 of 1956)

For purposes of section 14B(4)(b) of the Act, the pension increase to be determined in terms of that section for a pensioner w who was a deferred pensioner prior to retirement, is the change to the consumer price index from date of exit to the effective date of the calculation, with appropriate adjustments for any portion commuted on retirement.

[Regulation 34 inserted by Notice No. 558 of 2003]