n Annual Survey of South African Law - Pension funds law




General Notice 425 of 2011 ( 34402 of 1 July 2011) and General Notice 441 of 2011 ( 34431 of 8 July 2011) were issued in terms of section 29 of the Government Employees Pension Law, 1996 (Proc 21 of 1996) by the Board of Trustees to amend the rules of the Government Employees' Pension Fund. General Notice 425 of 2011 substituted a new rule 11.4, which provides a formula to use when calculating the amount payable by a member in respect of service recognized as pensionable service in terms of rule 10.4. The new rule became effective on 1 July 2011.


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