Provident Fund Local Governments Act

PROVIDENT FUND (LOCAL GOVERNMENTS) ACT. ARRANGEMENT OF SECTIONS. Section 1. Interpretation. 2. Establishment, etc. of the fund. 3. Eastern Province Provident Fund to become part of the fund. 4. Power of local governments to join the fund. 5. Deductions of deposits from salary. 6. Audit and publication of accounts of the fund. 7. Amounts in hand not assignable or liable to attachment. Schedule Local Governments Combined Provident Fund Regulations. CHAPTER 287 PROVIDENT FUND (LOCAL GOVERNMENTS) ACT. Commencement : 1 February, 1951. An Act to establish a provident fund for the benefit of the employees of such local governments as may desire to become contributors thereto and to provide for the control and management thereof and for other matters incidental thereto. 1. Interpretation.

sire to become contributors thereto and to provide for the control and management thereof and for other matters incidental thereto. 1. Interpretation.

In this Act, unless the context otherwise requires— ( a ) "board" means the Board of Management established by regulations made under section 2 in respect of a provident fund established under this Act; ( b ) "bonus" means a sum credited to an individual depositor's account and not contributed by the depositor; ( c ) "contributing government" means a local government which elects to contribute to the fund established under this Act and makes provision for its employees to become depositors in the fund; ( d ) "contributor" means a person who is making deposits and is receiving a bonus in a provident fund established under this Act; ( e ) "depositor" means a person who has any sum of money standing to his or her credit in a provident fund established under this Act; ( f ) "Eastern Province Provident Fund" means the fund established in the former Eastern Province for the benefit of servants of a local government within that province; ( g ) "fund" means the fund established under section 2; ( h ) "local government" means the administration of a district; ( i ) "nonpensionable servant" means any person who holds an established post in the service of a local government and who is not eligible under the terms and conditions of his or her service for any pension.

an established post in the service of a local government and who is not eligible under the terms and conditions of his or her service for any pension.

For the purposes of this definition, "established post" means a post in the fixed establishment of a local government for which specific provision is made in the annual estimates of the local government. 2. Establishment, etc. of the fund.

shment of a local government for which specific provision is made in the annual estimates of the local government. 2. Establishment, etc. of the fund.

(1) The President may make regulations for the establishment, maintenance and management of a provident fund for nonpensionable servants in the service of local governments generally in relation to such a provident fund and, in particular, but without prejudice to the generality of the foregoing provisions, may make regulations with respect to any of the following matters— ( a ) the establishment and management of the fund; ( b ) the establishment, duties and functions of the Board of Management; ( c ) the qualifications and descriptions of depositors; ( d ) the amount which contributing governments shall pay into the fund by way of bonus and the manner in which the bonus shall be paid; ( e ) the rate at which interest on deposits and bonus shall be paid into the fund by contributing governments and credited to depositors and the manner of calculating the interest and bonus; ( f ) the amounts which depositors shall be required to pay into the fund; ( g ) the payment into the fund of increased contributions by both contributing governments and depositors in respect of service prior to the establishment of the fund; ( h ) prescribing the manner in which accounts of depositors shall be opened and closed and providing for notification to individual depositors of the amounts standing to their credit in the fund; ( i ) the procedure to be followed with regard to the disposal of amounts standing to the credit of depositors in the event of their death, termination of service, resignation or dismissal or transfer to pensionable posts; ( j ) providing for the disposal of amounts standi This section of the article is only available for our subscribers.

r transfer to pensionable posts; ( j ) providing for the disposal of amounts standi This section of the article is only available for our subscribers.

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