Municipalities and Public Authorities Provident Fund Act | Chapter 88 — Uganda law | Esheria

Municipalities and Public Authorities Provident Fund Act

Defines "approved scheme" as a provident fund scheme whose rules or regulations have been approved by the Minister under section 2.

Jurisdiction
Uganda
Instrument
Act or statute
Citation
Chapter 88
Version
Undated source snapshot
Language
en

Source attribution: Source: Uganda Legal Information Institute

Statute overview

About this statute

Defines "approved scheme" as a provident fund scheme whose rules or regulations have been approved by the Minister under section 2. Public authorities may not establish or maintain provident fund schemes for employees or members unless the scheme rules have been approved by the Minister; the Minister will give approval only if the scheme rules conform substantially to the draft regulations and contribution and bonus rates are in the best interests of the authority and its employees or members; the Minister's decision on conformity is final. Public authorities and boards of management of approved schemes must not amend or alter scheme rules or regulations without prior approval of the Minister. The Minister may, by statutory instrument and from time to time, amend the draft regulations; an amendment does not affect rules of any approved scheme in operation at the amendment date unless the Minister orders otherwise, with regard to depositors' existing rights. A public authority may deduct sums a contributor owes to that public authority from the contributor's credit in any fund administered by the authority when the contributor's account is closed.

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