Remuneration of Public Office Bearers Act, 1998 (Act No. 20 of 1998)2. Salary, allowances and benefits of President |
| (1) | The President shall be paid, apart from any privilege which he or she may enjoy, such salary and allowances as may be determined from time to time by resolution of the National Assembly, after taking into consideration— |
| (a) | the recommendations of the Commission; |
| (b) | the role, status, duties, functions and responsibilities of the President; |
| (c) | the affordability of different levels of remuneration of political office bearers; |
| (d) | current principles and levels of remuneration in society generally; and |
| (e) | inflationary increases. |
| (2) | Section 8(1)(d) of the Income Tax Act, 1962 (Act No. 58 of 1962), shall apply to such portion of the remuneration of the President as the National Assembly may from time to time determine by resolution, as if such portion was an allowance granted as contemplated in that section. |
| (3) | The National Assembly may determine different portions under subsection (2) in respect of different amounts of remuneration. |
| (4) | The salary and allowances to which the President is entitled in terms of this section, apart from any other privilege that he or she may enjoy, are paid to him or her in monthly instalments, the first month to be reckoned from the date on which he or she assumes office as contemplated in section 87 of the Constitution. |
| (5) |
| (a) | Upon his or her retirement, the President shall be paid such pension and other pension benefits as may be determined from time to time by resolution of the National Assembly, after taking into consideration the recommendations of the Commission. |
| (b) | On the President’s death, such pension and other pension benefits as may from time to time be determined by resolution of the National Assembly, shall be paid to his or her widow, widower, dependant or nominee, including his or her estate, as he or she may elect. |
| (6) | The State shall contribute to a medical aid scheme of which the President, a former President or his or her widow or widower or dependant is a member, such an amount as may be determined by resolution of the National Assembly. |
| (7) | Any amount payable to the President, or any other person or institution, in terms of this section, is paid out of and as a charge against the National Revenue Fund. |
| (8) | Any money paid to the President in terms of a resolution of Parliament as contemplated in section 79 of the Constitution of the Republic of South Africa, 1993 (Act No. 200 of 1993), prior to the coming into operation of this Act, is regarded as having been determined under this Act. |