South African National Space Agency Act, 2008 (Act No. 36 of 2008)16. Pensions |
| (1) | The Agency may, under the Pensions Fund Act, 1956 (Act No. 24 of 1956), establish a pension fund for its employees. |
| (2) | Any employee of the Agency who was, prior to the commencement of this Act, a member of the GEPF, may— |
| (a) | remain a member of the GEPF; |
| (b) | terminate her or his membership of the GEPF and join the pension fund established in terms of subsection (1); or |
| (c) | elect dormant membership of the GEPF in accordance with section 27 of the GEPL. |