- 04412_draftpensionfundsab.pdf0.23 MB
The primary objective of the Amendment Bill is to enhance the protection of the pension interest of members, given that dedicated contributions towards their retirement often extend across their lifetimes, and therefore serves as the most significant source of saving for most individuals in formal employment. A number of amendments over time have had this objective at their nexus, for example, the establishment of the Pension Funds Adjudicator, the amendments passed by Parliament in 2001 regarding pension fund surpluses and the determination of minimum benefits.
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