South African Municipal Workers' Union National Provident Fund v Umzimkhulu Local Municipality and Others (297/2018)
South African Municipal Workers' Union National Provident Fund v Umzimkhulu Local Municipality and Others (297/2018) [2019] ZASCA 41 (29 March 2019)
The Supreme Court of Appeal held that rule 3.2.1 of the Fund unambiguously prohibits members from withdrawing from the Fund while remaining in service with the Municipality. Termination of membership and transfer of benefits can only occur upon cessation of service, as provided by rule 3.2.2. Section 13A(5) of the Pension Funds Act applies only after membership has been terminated according to the Fund's rules, and section 14 and rule 11.11 do not provide for individual voluntary transfers but rather regulate amalgamation and transfer of business. The court found that compulsory membership of…
Source excerpt
- Pension Funds Act
- Interpretation Of Fund Rules
- Termination Of Membership
- Transfer Of Benefits
- Freedom Of Association
- Public Policy