Civil Service (Local Conditions) Pensions (Amendment) Act, 1986 | Act 11 of 1986 — Zambia law | Esheria

Civil Service (Local Conditions) Pensions (Amendment) Act, 1986

This provision changes the definition of “pensionable age.”

Jurisdiction
Zambia
Instrument
Act or statute
Citation
Act 11 of 1986
Version
21 Apr 1986
Language
en
Official source
View official record ↗
accounting period actuarial valuation administrative duties audit benefits administration board composition board governance civil servant housing corporate governance employment employment benefits employment terms financial reporting fund management governance government reporting internal controls loans pension calculation pensions pensions review recordkeeping retirement retirement age +3 more

Statute overview

About this statute

This provision changes the definition of “pensionable age.” The Fund must be valued periodically by an actuary appointed by the Minister. This provision repeals section 4 of the principal Act and substitutes new sections in its place. This provision establishes the Civil Service (Local Conditions) Pensions Fund Board as a body corporate and gives it corporate powers. The Board must appoint a Secretary, with the Minister’s approval, and may appoint other staff. The Secretary must manage the Board’s day-to-day administration under the Board’s general supervision.

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