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CHAPTER IV RULES GOVERNING PENSION FUND ASSETS

Article 29 (Income)

The following shall constitute income of a pension fund:

  • a)

    Contributions in cash, securities or real estate, made by contributors;

  • b)

    Income from investments which form part of the fund’s assets;

  • c)

    Income from the sale and refund of investments of the fund’s assets;

  • c)

    Shares in the profits of the insurance contracts issued on behalf of the

fund;

  • d)

    The sums insured under insurance contracts entered into by the fund to guarantee the cover for death and permanent incapacity as provided for in the pension plan;

  • e)

    Other income.

Article 30 (Expenses)

The following shall constitute expenses of a pension fund:

  • a)

    Payments made to the beneficiaries;

  • b)

    Insurance premiums paid by the fund;

  • c)

    Remuneration in respect of management and deposit;

  • d)

    Amounts spent in purchasing investments for the fund;

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