| (1) | If any person was immediately prior to the fixed date in receipt of an annuity which was payable in terms of a repealed Act from a previous fund or from revenue or partly from a previous fund and partly from revenue, and any allowance or bonus which was payable in terms of section 8 of the General Pensions Act, 1979 (Act No. 29 of 1979), such annuity, allowance and bonus shall, subject to the provisions of this Act, as from the fixed date, be consolidated into one amount and such consolidated amount shall as from the fixed date be paid to such person from and as a charge to the Fund, in lieu of such annuity, allowance and bonus, as an annuity (in this section referred to as a consolidated annuity). |
