(Act No 8 of 2005)
Arrangement of Regulations
Section
Part I – Preliminary
1. Short title and commencement
2. Interpretation
Part II – General
3. Application for pension, gratuity or allowance
4. Supporting evidence etc.
5. Nomination of beneficiary
6. Time limit for claim
7. Use of Voluntary Contribution as a guarantee
Part III – Retirement Pensions
8. Entitlement to Retirement Pension
9. Salary that is to be used for self-employed member’s pension
10. Salary that is to be used for member who is not working at retirement
11. Application for retirement pension
12. Rates of pension for members who retired or turned 63 year old during the year 2005
13. Payment of voluntary contributions by lump sum on retirement or included in retirement pension
Part IV – Pre And Post Retirement Death Gratuities
14. Pre retirement death gratuity
15. Post retirement death gratuity
16. Application for pre or post retirement death gratuity
Part V – Migration Allowance
17. Entitlement to migration allowance
18. Rate of allowance payable
19. Application for migration allowance
20. Member who returns from migration to start contribution afresh
Part VI – Permanent Incapacity Pension
21. Entitlement to Incapacity Pension
22. Rates of Incapacity Pension payable
23. Member who does not qualify for incapacity pension
24. Application for incapacity pension
25. Review of refused applications
Part VII – Surviving Spouse’s Pension
26. Entitlement to Surviving Spouse’s pension
27. Rates of Surviving Spouse’s pension payable
28. Election by member
29. Application for Surviving Spouse’s pension
30. Circumstances in which a surviving spouse’s pension shall cease or not be granted or varied
Part VIII – Children’s Pension
31. Entitlement to Children’s pension
32. Rates of Children’s pension
33. Payment of Children’s pension to guardian
34. Application for Children’s pension
Part IX – Payment Of Pensions, Gratuities And Allowances
35. Payment of pensions, gratuities and allowances
Schedule 1 – Monthly rates of payment for retirement pension
Schedule 2 – Monthly rates of payment based on voluntary contributions
Schedule 3 – Monthly rates of payment for incapacity pension Schedule 4 – Monthly rates of payment for surviving spouse’s pension Schedule 5 – Monthly rates of payment for children’s pension
Schedule 6 – Life Certificate
Seychelles Pension Fund (Benefits) Regulations, 2005
In exercise of the powers conferred by section 68 of the Seychelles Pension Fund Act, 2005 the President, acting as the Minister responsible for Finance hereby makes the following Regulations –
Part 1 – Preliminary
1. These Regulations may be cited as Seychelles Pension Fund
(Benefits) Regulations, 2005 and shall come into operation on 1st January 2006.
2. In these Regulations –
“approved form” means a form provided by the Chief Executive Officer, or such other form which the Chief Executive Officer may in any particular case approve, for the purpose of claiming a gratuity, allowance or pension under these Regulations;
“business” means a business in terms of the Business Tax Act; “child” means –
(a) a legitimate child;
(b) a natural but recognised child; (c) an adopted child;
(d) a child pursuant to an affiliation order of a court or the Family Tribunal; or
(e) a child whose paternal descent has been proved under Article 340 of the Civil Code
of a member, who is under 18 years old or who is under 25 years old and still in full time education;
“children’s pension” means a monthly pension payable to a child of a deceased member or the guardian of the child for the maintenance of the child;
Citation and commencement
Interpretation
(i) any person to whose care a child is committed under or by virtue of a court or the family tribunal order; and
(ii) any person who , in the opinion of a court or the family tribunal for the time being has daily charge of or control over a child;
“invalid” means a person who in the opinion of the Medical Board is incapable of work as a result of a disease or bodily injury which is likely to remain permanent;
“maintenance or maintaining” means contributing to the household expenses and/or daily needs of an applicant, financially or otherwise, as one of the main contributors to the aforesaid expenses and needs and contribution in this definition includes being the main person, doing the laundering, cooking or cleaning for a member or caring for his child, without being paid any salary for the aforesaid services ;
“prescribed retirement age” means the prescribed age for retirement under the Social Security Act (Cap 225)
“salary” means remuneration in money payable in respect of employment including any supplementation and commuted allowances attached to the post.
Part II – General
Application for pension, gratuity or allowance
3.(1) A application for a pension, gratuity or allowance shall be made in an approved form and within the time limits specified in these Regulations.
4. A person applying for a pension, gratuity or allowance shall, in addition to any certificate, document or evidence he is required to furnish under any other provision of these Regulations, furnish such other certificate, information and evidence as the Chief Executive Officer may require in any particular case, and shall, if reasonably required, attend at such place and time as the Chief Executive Officer may require, for the purpose of the determination of the claim.
5.(1) A member making any nomination under these Regulations may nominate one or more persons to be paid his benefits in accordance with these Regulations in the event of the member’s death prior to his retirement .
(2) The nomination shall be made in the approved form attested by 2 adults other than the other than a nominee.
(3) A nomination may be changed at any time but the last nomination shall always supersede the earlier one whether formally revoked or not.
(4) A member who makes any voluntary contributions to the Fund , may at any time prior to his death subject to Regulation 7, nominate in the approved form any person to be entitled to his voluntary contribution if any, standing to his credit in the Fund at the time of his death prior to his retirement and such nominated person shall be entitled to the aforesaid contribution upon the member’s death prior to his retirement .
(5) Where a member fails to make any nomination under subregulation (4), his heirs shall subject to regulation 7, be entitled to any voluntary contribution, standing to his credit in the Fund .
Supporting evidence etc.
Nomination
of beneficiary
Time limits for claim
Use of voluntary contribution as a guarantee
Entitlement to Retirement Pension
6.(1) Where an application for a pension, gratuity or allowance is referred back to the applicant because it is defective, incomplete or without the supporting documents, the applicant shall provide the required information and re-submit the application for consideration before it can be processed.
(2) Where upon an application, the Chief Executive Officer wishes to be fully satisfied that a application, allegation or statement made is genuine, he may carry out an investigation to obtain proof of the said allegation or statement
7. Where a member has notified the Chief Executive Officer in writing of his or her decision to use his voluntary contribution as a security for a housing loan or a loan for medical treatment and provided the Chief Executive Officer with details of the loan transaction, if the loan has not been repaid in full at the time of his death or retirement, the voluntary contribution shall not be refunded or taken into account for calculation of the member’s retirement pension under regulation 13 until proof is provided to the Chief Executive Officer of the discharge of the loan.
Part III – Retirement Pension
8.(1) A member who qualifies for a retirement pension under section 33 of the Act shall, if he has resided in Seychelles for continuous period of at least 5 years immediately prior to his retirement unless such requirement is waived by the Board, be entitled to a retirement pension for life upon retirement at the age of 60 or above, calculated on the member’s average salary for last 5 years preceeding his retirement and payable in accordance with Schedule 1.
(2) A member referred to in subregulation (1) shall, upon his application for his retirement pension under these Regulations being granted, be simultaneously entitled to the retirement pension provided for under the Social Security Act notwithstanding that he may not have attained the prescribed retirement age.
(3) Where a member who is above the age of 51 years old and is either a registered or licensed self-employed person at the time of coming into operation of the Act and remains so employed until retirement but however at the time of retirement does not qualify for a retirement pension due to not having contributed to the Fund or Social Security Fund for the minimum period referred to in section 33 of the Act, the member shall be entitled to a retirement pension in accordance with Schedule 1, subsidised with funds provided from the Consolidated Fund:
(4) Where a member has been drawing more than one salary per month prior to retirement, his retirement pension shall be based on the average of the highest monthly salary earned over the period of five years preceding retirement.
9.(1) Where a member has left employment and thereafter within a period of 90 days commenced his or her own business as a registered or licensed self employed person, within less than 5 years prior to retirement, his retirement pension shall be based on the average of his declared salary he was earning for the last five years as a self-employed person and an employee.
(2) Where a self employed member does not declare a salary, the monthly average salary for determining his retirement pension shall be the average yearly profit declared with the Taxation Division for business tax calculation during the period of 5 years preceding retirement divided by 12.
(3) Where no such profit has been made or no such record is available, the average monthly salary for the purpose of calculating the retirement pension shall be R2.000.
10. Where a member who already qualifies for a pension under section
33 of the Act, leaves employment and thereafter does not take up any employment no further contributions are made to the Fund, until his retirement, the member shall on retirement be entitled to a retirement pension based on his average salary he was earning for the last five years as an employee or as a self-employed person prior to leaving employment.
11.(1) An application for retirement pension shall be made in the approved form to the Chief Executive Officer within 10 years from the date of the member’s retirement accompanied by the following documents –
(a) Birth certificate;
(b) Member’s salary details for the past five years; (c) National Identity Card;
(d) Retirement letter from employer or Certificate of employment.
Salary that is to be used for self-employed member’s pension
Salary that is to be used for member who
is not working
at retirement
Application
for retirement
Pension
Rates of pension for members who retired or turned 63 years old
during the year
2005
Payment of voluntary contributions by lump sum on retirement or included in retirement pension
12.(1) Pursuant to section 41 of the Act a member of the Seychelles Pension Scheme who retired during the year 2005 shall be deemed to have retired on the 1st of January 2006 and shall with effect from January 2006 be entitled to a retirement pension –
(a) at the rate of R.400 if the member has already been refunded his mandatory contributions by the Seychelles Pension Scheme; or
(b) in accordance with Schedule 1 based on his average salary for the last 5 years prior to retirement if the member has not already been refunded his mandatory contributions by the Scheme or having already been refunded his mandatory contributions, the member pays back to the Fund his mandatory contributions that he had been refunded.
(2)Where a member of the Seychelles Pension Scheme who attained the prescribed retirement age, prior to the coming into operation of the Act but continued in employment he shall upon retirement be entitled to a retirement pension in accordance with subregulation (1)(a) or (1)(b) as the case may be .
13.(1) Subject to Regulation 7, a member shall be entitled to receive his voluntary contributions standing to his credit in the Fund with any interest thereon in a lump sum upon –
(a) retirement ; or
(b) attaining the prescribed retirement age
Part IV – Pre And Post Retirement Death Gratuities
14. (1) Where a member dies prior to retirement and does not qualify for a retirement pension under section 33 of the Act and at the time of his death he has a surviving spouse, his spouse and in the absence of a surviving spouse, his children if any shall subject to regulation 7 be entitled to a pre-retirement death gratuity equivalent to the sum of the member’s mandatory and voluntary contributions standing to the member’s credit in the Fund at the time of his death together with any interest thereon.
(2) Where a member dies prior to retirement whether or not he qualifies for a retirement pension under section 33 of the Act and at the time of his death he has no spouse, or children, his nominated beneficiary, or if he has not made any nomination, his dependant if any who he has been maintaining for at least 3 years prior to his death and in the absence of any of the aforementioned, his heirs shall subject to regulation 7 be entitled to a pre-retirement death gratuity equivalent to the sum of the member’s mandatory and voluntary contributions standing to the member’s credit in the Fund at the time of his death together with any interest thereon..
15. Where a member who was receiving a retirement pension dies his surviving spouse shall subject to regulation 7 be entitled to a post-retirement death gratuity equivalent to one month of the deceased member’s retirement pension.
Provided that if immediately prior to his death the deceased member was maintaining his legally married spouse and at the same time maintaining another spouse, the legally married spouse shall be the one entitled to the post-retirement death gratuity
16.(1) An application for a pre or post retirement death gratuity shall be made in the approved form to the Chief Executive Officer within 10 years of the members death accompanied by the following documents –
(a) Death certificate of member or a certified copy thereof;
Pre retirement death gratuity
Post retirement death gratuity
Application
for pre or post- retirement
death gratuity
(b) (c)
National Identity Card of the applicant;
Copies of any will or power of attorney of the deceased
member if any; and
(d)
An affidavit in support of the application if the applicant is not the nominated beneficiary.
(2)
The
supporting affidavit shall state the relationship of the applicant
to the deceased member, and in the case of the applicant being a dependant, how
and for how long has the deceased member been maintaining the applicant.
(3) A pre or post-retirement death gratuity shall become payable within
21 days from the date that it is applied for.
Part V – Migration Allowance
Entitlement to migration allowance
Rate of allowance payable
Application for migration allowance
17. A member may apply for a migration allowance if the member has migrated or is about to migrate from Seychelles to another country as a permanent resident of that country before retirement
18. The migration allowance shall subject to regulation 7 be the sum standing to the member’s credit in the Fund on the date of migration inclusive of both mandatory and voluntary contributions and interest thereon.
19.(1) An application for a migration allowance shall be made in the approved form within 3 months prior to migration or at any time after migration but in any event within 10 years of the member attaining the prescribed age accompanied by the following documents –
(a) (b) |
National Identity Card of the member ; Resident certificate or permit of the member in respect of |
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the country to which he is migrating ; |
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(c) |
Certified copy of the member’s passport. |
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(e) |
An affidavit in support of the application |
|
(2) |
The |
supporting affidavit shall state the decision of the member to |
migrate, or the fact that the member has already migrated to a specified country, the
address of the member in the country of migration, any offer of employment the member has there, or such other proof of residence in the country of migration.
20. A member who has been paid a migration allowance under this Part shall not be entitled to a retirement or incapacity pension nor shall his spouse or children be entitled to a surviving spouse pension or children’s pension as the case may be unless the member has rejoined the fund after his migration and thereafter contributed a minimum of ten years continuous contribution to the Fund immediately prior to retirement or an aggregated of 20 years of contribution to the Social Security Fund prior to retirement notwithstanding that the member may have qualified for the aforesaid pension prior to his migration.
Part VI – Permanent Incapacity Pension
21. A member who prior to attaining 60 years old is certified by a Medical Board appointed under the Act to be an invalid, and who at the time of certification notwithstanding his age qualifies for a retirement pension under section
33 of the Act, shall be entitled to an incapacity pension for life or for such period as the Medical Board may recommend.
22.(1) The incapacity pension shall be based on a percentage of the member’s average salary for the period of five years prior to being certified an invalid under regulation 21 as stipulated in Schedule 3 to these Regulations
(2) In the case of a self employed member ,the salary to be used for calculation of his incapacity pension shall be calculated in accordance with regulation 9.
(3) In the case of a member who at the time of invalidity is unemployed but who nevertheless notwithstanding his age qualifies for a retirement pension under section 33 of the Act, the salary to be used for calculation of his incapacity pension shall be based on the salary he was earning for the last five years as an employee or as a self-employed person prior to stopping work.
(3) A member who at the time he attains retirement age is already receiving an incapacity pension, shall continue to receive such a pension and shall not be entitled to a pension under the Social Security Act nor to a retirement pension under this Act.
23.(1) Where a member who has been certified an invalid under regulation
21 does qualify for a retirement pension under these Regulations, he may be referred for an invalidity pension under the Social Security Act and he shall upon attaining the age of 60 subject to regulation 7 be entitled to his mandatory and voluntary contributions standing to his credit in the Fund at the time of his invalidity together with any interest thereon, as a lump sum payment.
Member who returns from migration to start contribution afresh
Entitlement to Incapacity Pension
Rates of Incapacity Pension payable
Member who does not qualify for incapacity pension
Application for Incapacity Pension
Review of refused applications
Entitlement to Surviving Spouse’s Pension
24.(1) An application for an incapacity pension shall be made in the approved form to the Chief Executive Officer at any time during the period that a member has been certified an invalid accompanied by the following documents –
(a) National Identity Card of the member ; (b) Medical Board’s certificate of invalidity;
(c) Certificate of employment and in the case of a self employed member, a certified copy of registration or licence and certificate of business tax payable over the 5 year period prior to being an invalid;
(2) An incapacity pension shall become payable within 21 days from the date that it is applied for and no incapacity pension shall be backdated notwithstanding that the applicant became entitled to it prior to making the application.
25.(1) Any member whose application for an incapacity pension has not been approved may subject to subregulation (2) request a review or re-apply, after a period of two years from the date the application was refused .
(2) A request for a review or a re-application may be allowed earlier if in the opinion of the Chief Executive Officer, the medical condition of the member is such that it is likely to seriously affect the ability of the member to work.
(3) If, after a member has been declared an invalid it becomes apparent that the member’s health has improved, the member shall be referred back to the Medical Board for review and if the Board finds that the member is no longer an invalid, the person shall cease to draw the incapacity pension.
(4) Notwithstanding subregulation (3) the Fund shall not refer any case for a review under subregulation (3) if the member is 50 years old or more.
Part VII – Surviving Spouse’s Pension
26.(1) Subject to regulation 31, a surviving spouse, of a deceased member who dies prior to retirement and at the time of death notwithstanding his age qualifies for a retirement pension under section 33 of the Act, shall be entitled to a surviving spouse’s monthly pension for life:
27.(1) Subject to subregulation (2) the surviving spouse pension shall be of an amount equal to 80% of the full retirement pension that the deceased member would have been entitled to on retirement as per Schedule 4 based on the deceased member’s average salary for the 5 year period prior to his death calculated in accordance with regulations 8, 9 or 10 as the case may be :
Provided that if the surviving spouse of a deceased member is over 10 years younger than the deceased member, the surviving spouse shall be entitled to only
70% of the retirement pension as aforesaid.
(2) Where the deceased member has any children, the surviving spouse shall be entitled to a pension of only half of the amount stipulated in subregulation (1) or such smaller amount as per the deceased members’s election in accordance with regulation 28.
28.(1) A member who has children, may at any time prior to his death, elect in the approved form to have the surviving spouse’s pension payable upon his death reduced to any amount between 25% to 49 % of the amount stipulated in regulation 27(1) and to have the amount by which the surviving spouse’s pension has been reduced added onto his children’s pension under regulation 31
(2) Where at the time of death of a member, who has made an election under subregulation (1), he has no children, the surviving spouse if any shall be entited to a full surviving spouse’s pension as per regulation 27(1).
29.(1) A application for a surviving spouse’s pension shall be made, on the approved form to the Chief Executive Officer within 10 years of the death of a member supported by the following documents –
(a) National Identity Card of the applicant;
Rates of Surviving Spouse’s Pension payable
Election by member.
Application for Surviving Spouse’s Pension
Circumstances in which a surviving spouse’s pension shall cease , not be granted or varied
30.(1) A surviving spouse’s pension shall not be granted or shall cease in the following circumstances –
(a) If the deceased member’s death occurs before three years of cohabitation in the case of the surviving spouse not being married to the deceased member ;
(b) If the surviving spouse was at the time of the death of the deceased member cohabiting with another partner other than the deceased;
(c) Upon the surviving spouse remarrying for a second time ;
(d) If the surviving spouse has been convicted of for any offence which caused the death of the deceased;
and the children of the deceased if any shall be eligible for a full monthly pension in accordance with Part VIII .
(2) If at any time after a surviving spouse has started drawing a full pension in accordance with regulations 27(1) and 28(2), a child, of the deceased member, who qualifies for a pension under Part VIII makes a claim for a children’s pension under the aforesaid Part, the surviving spouse’s pension shall be reduced to half or such smaller amount in accordance with regulation 27(2) or 28(1) with effect from the approval by the Fund of the children’s pension for the new child.
Part VIII – Children’s Pension
Entitlement to Children’s Pension
Rates of Children’s Pension
Payment of Children’s Pension to guardian
Application for Children’s Pension
31. (1) Subject to regulation 26, a child, of a deceased member who dies prior to retirement and at the time of death notwithstanding his age qualified for a retirement pension under section 33 of the Act, shall be entitled to a children’s monthly pension until 18 years old or up to 25 years old if the child is still in full time education or up to 15 years old if the child is in full time employment and earns a salary of not less than R 1,900 a month.
32.(1) Subject to subregulation 2 the children’s pension shall be of an amount equal to 80% of the full retirement pension that the deceased member would have been entitled to on retirement as per Schedule 5 based on the member’s average salary at the time of death calculated in accordance with regulations 8, 9 or
10 as the case may be :
(2) Where the deceased member has a surviving spouse, the child shall be entitled to a pension of only 40% of the full retirement pension or such bigger amount as per the deceased members’s election in accordance with regulation 28.
(3) Where there is more than one child of the deceased member who qualify for a children’s pension, the amount stipulated in subregulation (1) or (2) shall be divided equally amongst all the said children.
(4) If at any time after a child has started drawing a pension, another child of the deceased member who qualify for a pension under regulation 33 makes a claim for a children’s pension, the pension of the child who was already drawing a pension shall be adjusted accordingly to take account of the new child .
(5) If at any time after a child has started drawing a reduced pension in accordance with subregulation (2), the surviving spouse ceases to be entitled to a surviving spouse’s pension under regulation 30 the pension of the child shall be entitled to a full children pension distributed in accordance with subregulation (3).
33 A children’s pension shall be paid to the guardian of the child if the child is below the age of 18 years old and to the child if he is 18 years old or above.
34.(1) An application for children’s pension shall be made on the approved form to the Chief Executive Officer within a period of 10 years from the death of the member supported by the following documents –
(a) National Identity Card of the applicant;
(b) National Identity Card of the guardian in the case that the application is being made by the guardian on behalf of the child;
(c)
Certificate of death of deceased member;
(d)
Proof of guardianship
(e)
Proof that the child is a child of the deceased ;
(2)
A guardian of a child below 18 years old may make the
application for a children’s pension on behalf of the child.
(3) A children’s pension shall become payable within 21 days from the date that it is applied for and no children’s pension shall be backdated notwithstanding that the child became entitled to it prior to the application being made.
Part IX – Payment Of Pensions, Gratuities And Allowances
35.(1) The Fund shall unless otherwise authorised under regulation 3(3) make payment of a pension, gratuity or allowance to the applicant or to the guardian in the case of a pension being due to a child under 18 years old –
(a) by bank cheque; or
(b) by direct transfer to the applicant’s bank account; or
(c) by cash.
(2) Payment of a pension gratutity or an allowance shall be made within 21 days of an application for the same being lodged with the Fund, unless the investigation to determine the eligibility of the applicant is more complex than normal and extra time is needed to process the application in which case the applicant shall be so informed.
(3) Payment of monthly pension shall be made in arrears from the 20th day of the month and payment for any pension made to a pensioner who dies between the 20th day and the end of the month, shall not amount to an overpayment.
(4) Where a member or any other person in receipt of a pension is residing overseas he shall provide proof in the form of a life certificate as specified in Schedule 6 to the Fund every month that he is abroad before his pension can be paid.
Payment of pensions, gratuities and allowances
Schedule 1
Regulation 8
Monthly rates of payment for retirement pension
Gross Salary Band (A) |
Average/Mid Point Gross Salary (B) |
Percentage of Salary payable as Pension* (C) |
Retirement Pension payable (D) |
800-1000 1001-1200 1201-1400 1401-1600 1601-1800 1801-2000 2001-2200 2201-2400 2401-2600 2601-2800 2801-3000 3001-3200 3201-3400 3401-3600 3601-3900 3901-4100 4101-4300 4301-4500 4501-4700 4701-4900 4901-5100 5101-5300 5301-5500 5501-5700 5701-5900 5901-6300 6301-6500 6501-6700 6701-6900 6901-7100 7101-7300 7301-7500 7501-11400 11401-11600 11601-11800 1181-12000 12001-12200 12201-12400 12401-12600 |
900 1,100 1,300 1,500 1,700 1,900 2,100 2,300 2,500 2,700 2,900 3,100 3,300 3,500 3,900 4,000 4,200 4,400 4,600 4,800 5,000 5,200 5,400 5,600 5,800 6,300 6,400 6,600 6,800 7,000 7,200 7,400 11,400 11,500 11,700 11,900 12,100 12,300 12,500 |
70% or R2000 whichever is the greater* – – – – – – – 70% 70% 70% 70% 65% 65% 65% 65% 65% 65% 65% 65% 65% 65% 65% 60% 60% 60% 60% 60% 60% 60% 40% 40% 40% 40% 40% 40% 40% |
400 400 400 400 400 400 400 400 400 400 430 570 710 850 935 1,000 1,130 1,260 1,390 1,520 1,650 1,780 1,910 2,040 2,170 2,180 2,240 2,360 2,480 2,600 2,720 2,840 2,960 3,000 3,080 3,160 3,240 3,320 3,400 |
12601-12800 12801-13000 13001-13200 13201-13400 13401-13600 13601-13800 13801-14000 14001-14200 14201-14400 14401-14600 14601-14800 14801-15000 15001-15200 15201-15400 15401-15600 15601-15800 15801-16000 16001-16200 16201-16400 16401-16600 16601-16800 16801-17000 17001-17200 17201-17400 17401-17600 17601-17800 17801-18000 18001-18200 18201-18400 18401-18600 18601-18800 18801-19000 19001-19200 19201-19400 19401-19600 19601-19800 19801-20000 20001 and above |
12,700 12,900 13,100 13,300 13,500 13,700 13,900 14,100 14,300 14,500 14,700 14,900 15,100 15,300 15,500 15,700 15,900 16,100 16,300 16,500 16,700 16,900 17,100 17,300 17,500 17,700 17,900 18,100 18,300 18,500 18,700 18,900 19,100 19,300 19,500 19,700 19,900 20,000 |
40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% |
3,480 3,560 3,640 3,720 3,800 3,880 3,960 4,040 4,120 4,200 4,280 4,360 4,440 4,520 4,600 4,680 4,760 4,840 4,920 5,000 5,080 5,160 5,240 5,320 5,400 5,480 5,560 5,640 5,720 5,800 5,880 5,960 6,040 6,120 6,200 6,280 6,360 6,400 |
*Calculation of pension as a salary percentage takes into account the retirement pension provided for under the Social Security Act (Cap 225) which is currently R.1600.
SCHEDULE 2
Regulation 13
Monthly rates of payment based on voluntary contributions
Accumulated Voluntary Contributions |
Average/Mid Point |
Additional Retirement Pension payable |
600-700 7001-8000 8001-900 9001-10000 10001-11000 1001-12000 12001-13000 13001-14000 14001-15000 15001-16000 16001-17000 17001-18000 18001-19000 19001-20000 20001-21000 21001-22000 22001-23000 23001-24000 24001-25000 25001-26000 26001-27000 27001-28000 28001-29000 29001-30000 30001-31000 31001-32000 32001-33000 33001-34000 34001-35000 35001-36000 36001-37000 37001-38000 38001-39000 39001-40000 40001-41000 41001-42000 42001-43000 43001-44000 44001-45000 45001-46000 |
6500 7500 8500 9500 10500 11500 12500 13500 14500 15500 16500 17500 18500 19500 20500 21500 22500 23500 24500 25500 26500 27500 28500 29500 30500 31500 32500 33500 34500 35500 36500 37500 38500 39500 40500 41500 42500 43500 44500 45500 |
54 63 71 79 88 96 104 113 121 129 138 146 154 163 171 179 188 196 204 231 221 229 238 246 254 263 271 279 288 296 304 313 321 329 338 346 354 363 371 379 |
Note:
Calculation of pension based on voluntary contributions is based on an average life expectancy of 73 years old. Accumulated voluntary contributions in excess of Rs. 222,000/- shall be calculated on the same basis..
SCHEDULE 3
Monthly rates of payment for incapacity pension
Regulation 22
Gross Salary Band (A) |
Average/Mid Point Gross Salary (B) |
Percentage of Salary payable as Pension* (C) |
Incapacity Pension payable (D) |
800-1000 1001-1200 1201-1400 1401-1600 1601-1800 1801-2000 2001-2200 2201-2400 2401-2600 2601-2800 2801-3000 3001-3200 3201-3400 3401-3600 3601-3900 3901-4100 4101-4300 4301-4500 4501-4700 4701-4900 4901-5100 5101-5300 5301-5500 5501-5700 5701-5900 5901-6300 6301-6500 6501-6700 6701-6900 6901-7100 7101-7300 7301-7500 7501-11400 11401-11600 11601-11800 1181-12000 12001-12200 |
900 1,100 1,300 1,500 1,700 1,900 2,100 2,300 2,500 2,700 2,900 3,100 3,300 3,500 3,900 4,000 4,200 4,400 4,600 4,800 5,000 5,200 5,400 5,600 5,800 6,300 6,400 6,600 6,800 7,000 7,200 7,400 11,400 11,500 11,700 11,900 12,100 |
70% or R2000 whichever is the greater* – – – – – – – 70% 70% 70% 70% 65% 65% 65% 65% 65% 65% 65% 65% 65% 65% 65% 60% 60% 60% 60% 60% 60% 60% 40% 40% 40% 40% 40% |
2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,030 2,170 2,310 2,450 2,535 2,600 2,730 2,860 2,990 3,120 3,250 3,380 3,510 3,640 3,770 3,780 3,840 3,960 4,080 4,200 4,320 4,440 4,560 4,600 4,680 4,760 4,840 |
12201-12400 12401-12600 12601-12800 12801-13000 13001-13200 13201-13400 13401-13600 13601-13800 13801-14000 14001-14200 14201-14400 14401-14600 14601-14800 14801-15000 15001-15200 15201-15400 15401-15600 15601-15800 15801-16000 16001-16200 16201-16400 16401-16600 16601-16800 16801-17000 17001-17200 17201-17400 17401-17600 17601-17800 17801-18000 18001-18200 18201-18400 18401-18600 18601-18800 18801-19000 19001-19200 19201-19400 19401-19600 19601-198000 19801-20000 20001 and above |
12,300 12,500 12,700 12,900 13,100 13,300 13,500 13,700 13,900 14,100 14,300 14,50 14,700 14,900 15,100 15,300 15,500 15,700 15,900 16,100 16,30 16,500 16,70 16,900 17,100 17,300 17,500 17,70 17,90 18,100 18,30 18,500 18,700 18,900 19,100 19,300 19,500 19,70 19,900 20,000 |
40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% |
4,920 5,000 5,080 5,160 5,240 5,320 5,400 5,480 5,560 5,640 5,720 5,800 5,880 5,960 6,040 6,120 6,200 6,280 6,360 6,440 6,520 6,600 6,680 6,760 6,840 6,920 7,000 7,080 7,160 7,240 7,320 7,400 7,480 7,560 7,640 7,720 7,800 7,880 7,960 8,000 |
SCHEDULE 4
Regulation 27
Monthly rates of payment for surviving spouse’s pension
Gross Salary Band (A) |
Average/Mid Point Gross Salary (B) |
Member’s Retirement Pension (C) |
Surviving Spouse’s Pension payable if spouse is younger than member by 10 years or less (D) |
Surviving Spouse’s Pension payable if spouse is younger than member by more than 10 years (E) |
800-1000 1001-1200 1201-1400 1401-1600 1601-1800 1801-2000 2001-2200 2201-2400 2401-2500 2501-2800 2801-3000 3001-3200 3201-3400 3401-3600 3601-3900 3901-4100 4101-4300 4301-4500 4501-4700 4701-4900 4901-5100 5101-5300 5301-5500 5501-5700 5701-5900 5901-6300 6301-6500 6501-6700 6701-6900 6901-7100 7101-7300 7301-7500 7501-11400 11401-11600 11601-11800 |
900 1,100 1,300 1,500 1,700 1,900 2,100 2,300 2,500 2,700 2,900 3,100 3,300 3,500 3,900 4,000 4,200 4,400 4,600 4,800 5,000 5,200 5,400 5,600 5,800 6,300 6,400 6,600 6,800 7,000 7,200 7,400 11,400 11,500 11,700 |
2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,030 2,170 2,310 2,450 2,535 2,600 2,730 2,860 2,990 3,120 3,250 3,380 3,510 3,640 3,770 3,780 3,840 3,960 4,080 4,200 4,320 4,440 4,560 4,600 4,680 |
1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,624 1,736 1,848 1,960 2,028 2,080 2,184 2,288 2,392 2,496 2,600 2,704 2,808 2,912 3,016 3,024 3,072 3,168 3,264 3,360 3,456 3,552 3,648 3,680 3,744 |
1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,421 1,519 1,617 1,715 1,774 1,820 1,911 2,002 2,093 2,184 2,275 2,366 2,457 2,2548 2,639 2,646 2,668 2,772 2,856 2,940 3,024 3,108 3,192 3,220 3,276 |
11801-12000 12001-12200 12201-12400 12401-12600 12601-12800 12801-13000 13001-13200 13201-13400 13401-13600 13601-13800 13801-14000 14001-14200 14201-14400 14401-14600 14601-14800 14801-15000 15001-15200 15201-15400 15401-15600 15601-15800 15801-16000 16001-16200 16201-16400 16401-16600 16601-16800 16801-17000 17001-17200 17201-17400 17401-17600 17601-17800 17801-18000 18001-18200 18201-18400 18401-18600 18601-18800 18801-19000 19001-19200 19201-19400 19401-19600 19601-198000 19801-20000 20001and above |
11,900 12,100 12,300 12,500 12,700 12,900 13,100 13,300 13,500 13,700 13,900 14,100 14,300 14,50 14,700 14,900 15,100 15,300 15,500 15,700 15,900 16,100 16,30 16,500 16,70 16,900 17,100 17,300 17,500 17,70 17,90 18,100 18,30 18,500 18,700 18,900 19,100 19,300 19,500 19,700 19,900 20,000 |
4,760 4,840 4,920 5,000 5,080 5,160 5,240 5,320 5,400 5,480 5,560 5,640 5,720 5,800 5,880 5,960 6,040 6,120 6,200 6,280 6,360 6,440 6,520 6,600 6,680 6,760 6,840 6,920 7,000 7,080 7,160 7,240 7,320 7,400 7,480 7,560 7,640 7,720 7,800 7,880 7,960 8,000 |
3,808 3,872 3,936 4,000 4,064 4,128 4,192 4,256 4,320 4,384 4,448 4,512 4,572 4,640 4,704 4,768 4,832 4,896 4,960 5,024 5,088 5,152 5,216 5,280 5,344 5,408 5,472 5,536 5,600 5,664 5,728 5,792 5,856 5,920 5,984 6,048 6,112 6,176 6,240 6,304 6,368 6,400 |
3,332 3,388 3,444 3,500 3,556 3,612 3,668 3,724 3,780 3,836 3,892 3,948 4,004 4,060 4,116 4,172 4,228 4,284 4,340 4,396 4,452 4,508 4,564 4,620 4, 676 4,732 4,788 4,844 4,900 4,946 5,012 5,068 5,124 5,180 5,236 5,292 5,348 5,404 5,460 5,516 5,572 5,600 |
NOTE: Only ½ of the amount stipulated in columns (D) and (E) or such smaller amount not less than ¼ of the amount in column (C) (as per the deceased member’s election if any) shall be payable if the deceased member has children who qualify for a children’s pension.
SCHEDULE 5
Regulation 32
Monthly rates of payment for children’s pension
Gross Salary Band (A) |
Average/Mid Point Gross Salary (B) |
Member’s Retirement Pension (C) |
Children’s Pension payable (D) |
800-1000 1001-1200 1201-1400 1401-1600 1601-1800 1801-2000 2001-2200 2201-2400 2401-2500 2501-2800 2801-3000 3001-3200 3201-3400 3401-3600 3601-3900 3901-4100 4101-4300 4301-4500 4501-4700 4701-4900 4901-5100 5101-5300 5301-5500 5501-5700 5701-5900 5901-6300 6301-6500 6501-6700 6701-6900 6901-7100 7101-7300 7301-7500 7501-11400 11401-11600 11601-11800 1181-12000 12001-12200 12201-12400 |
900 1,100 1,300 1,500 1,700 1,900 2,100 2,300 2,500 2,700 2,900 3,100 3,300 3,500 3,900 4,000 4,200 4,400 4,600 4,800 5,000 5,200 5,400 5,600 5,800 6,300 6,400 6,600 6,800 7,000 7,200 7,400 11,400 11,500 11,700 11,900 12,100 12,300 |
2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,030 2,170 2,310 2,450 2,535 2,600 2,730 2,860 2,990 3,120 3,250 3,380 3,510 3,640 3,770 3,780 3,840 3,960 4,080 4,200 4,320 4,440 4,560 4,600 4,680 4,760 4,840 4,920 |
1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,624 1,736 1,848 1,960 2,028 2,080 2,184 2,288 2,392 2,496 2,600 2,704 2,808 2,912 3,016 3,024 3,072 3,168 3,264 3,360 3,456 3,552 3,648 3,680 3,744 3,808 3,872 3,936 |
12401-12600 12601-12800 12801-13000 13001-13200 13201-13400 13401-13600 13601-13800 13801-14000 14001-14200 14201-14400 14401-14600 14601-14800 14801-15000 15001-15200 15201-15400 15401-15600 15601-15800 15801-16000 16001-16200 16201-16400 16401-16600 16601-16800 16801-17000 17001-17200 17201-17400 17401-17600 17601-17800 17801-18000 18001-18200 18201-18400 18401-18600 18601-18800 18801-19000 19001-19200 19201-19400 19401-19600 19601-198000 19801-20000 20001 and above |
12,500 12,700 12,900 13,100 13,300 13,500 13,700 13,900 14,100 14,300 14,500 14,700 14,900 15,100 15,300 15,500 15,700 15,900 16,100 16,300 16,500 16,700 16,900 17,100 17,300 17,500 17,700 17,900 18,100 18,300 18,500 18,700 18,900 19,100 19,300 19,500 19,700 19,900 20,000 |
5,000 5,080 5,160 5,240 5,320 5,400 5,480 5,560 5,640 5,720 5,800 5,880 5,960 6,040 6,120 6,200 6,280 6,360 6,440 6,520 6,600 6,680 6,760 6,840 6,920 7,000 7,080 7,160 7,240 7,320 7,400 7,480 7,560 7,640 7,720 7,800 7,880 7,960 8,000 |
4,000 4,064 4,128 4,192 4,256 4,320 4,384 4,448 4,512 4,572 4,640 4,704 4,768 4,832 4,896 4,960 5,024 5,088 5,152 5,216 5,280 5,344 5,408 5,472 5,536 5,600 5,664 5,728 5,792 5,856 5,920 5,984 6,048 6,112 6,176 6,240 6,304 6,368 6,400 |
NOTE: Only ½ of the amount stipulated in columns (D) or such bigger amount not more than ¾ of the amount in column (C) (as per the deceased member’s election if any) shall be payable if the deceased member has a surviving spouse who qualify for a surviving spouse’s pension.
Schedule 6
Life Certificate
Regulation 35
I certify that Mr/Mrs/Ms ………………………………………….. holder of passport No………………………… Issued by the Government ……………………………….. was present before me on ……………………………and countersigned/placed his/her mark on this certificate in my presence
Dated this……………………… day of ………………………………….. 2005
Signature of person certifying}………………………………………………….
Name:………………………..…………………….. Designation:……………………..………………… Address:……………………….…………………….
Seal:…………………………..…………………….
To be certified by one of the following persons:
1. Branch Bank Manager
2. Attorney at law or Notary Public
3. Judicial Officer
4. Medical Practitioner
5. Priest or equivalent
…………………………………
Signature or mark of pensioner
MADE this ……………….. day of ……………………………………2005.
J.A. MICHEL
PRESIDENT