POWER

Has com­piled the ad­vice be­low for mem­bers of pen­sion funds.

Finweek English Edition - - COVER -

ter­mi­na­tion of em­ploy­ment.

The board of trustees of a fund is re­spon­si­ble for the con­trol and man­age­ment of the fund which they must do in ac­cor­dance with the Pen­sion Funds Act. The con­trol and man­age­ment of a fund in­cludes the con­trol and man­age­ment of fund as­sets. The board of an oc­cu­pa­tional fund, re­spon­si­ble for fund man­age­ment, should, in terms of the PFA, be made up of 50% of mem­ber-elected and 50% em­ployer-ap­pointed trustees.

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