Section 37C of the Pension Funds Act - disposition of death benefits by pension fund organizations

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dc.contributor.advisorKalula, Evance
dc.contributor.advisorChristie, Sarah
dc.contributor.authorJeram, Naleen Ganpatram Punjiah
dc.date.accessioned2023-09-02T11:31:30Z
dc.date.available2023-09-02T11:31:30Z
dc.date.issued2004
dc.date.updated2023-09-02T11:31:11Z
dc.description.abstractIn 1976 section 37C was inserted into the Pension Funds Act1 ('the Act') commencing on 1 August 1976.2 This section regulates the payment of any benefit payable upon the death of a member of a pension fund organization ('pension fund') as defined in section 1 of the Act. Section 37C places a duty on the board of management ('the board') to distribute the death benefit. With effect from 19 April 1996, the boards of all pension funds have had to consist of at least four members, and members of the fund have the right to elect at least 50 per cent of the board.3 Section 37C imposes three duties on the board of a pension fund: first, to identify the dependants4 and the nominees of a deceased member; secondly, to effect a distribution amongst the said beneficiaries with reference to the various provisions of the section. Finally, the board must determine an appropriate mode of payment.
dc.identifier.apacitationJeram, N. G. P. (2004). <i>Section 37C of the Pension Funds Act - disposition of death benefits by pension fund organizations</i>. (). ,Faculty of Law ,Department of Commercial Law. Retrieved from http://hdl.handle.net/11427/38344en_ZA
dc.identifier.chicagocitationJeram, Naleen Ganpatram Punjiah. <i>"Section 37C of the Pension Funds Act - disposition of death benefits by pension fund organizations."</i> ., ,Faculty of Law ,Department of Commercial Law, 2004. http://hdl.handle.net/11427/38344en_ZA
dc.identifier.citationJeram, N.G.P. 2004. Section 37C of the Pension Funds Act - disposition of death benefits by pension fund organizations. . ,Faculty of Law ,Department of Commercial Law. http://hdl.handle.net/11427/38344en_ZA
dc.identifier.ris TY - Master Thesis AU - Jeram, Naleen Ganpatram Punjiah AB - In 1976 section 37C was inserted into the Pension Funds Act1 ('the Act') commencing on 1 August 1976.2 This section regulates the payment of any benefit payable upon the death of a member of a pension fund organization ('pension fund') as defined in section 1 of the Act. Section 37C places a duty on the board of management ('the board') to distribute the death benefit. With effect from 19 April 1996, the boards of all pension funds have had to consist of at least four members, and members of the fund have the right to elect at least 50 per cent of the board.3 Section 37C imposes three duties on the board of a pension fund: first, to identify the dependants4 and the nominees of a deceased member; secondly, to effect a distribution amongst the said beneficiaries with reference to the various provisions of the section. Finally, the board must determine an appropriate mode of payment. DA - 2004 DB - OpenUCT DP - University of Cape Town KW - Law LK - https://open.uct.ac.za PY - 2004 T1 - Section 37C of the Pension Funds Act - disposition of death benefits by pension fund organizations TI - Section 37C of the Pension Funds Act - disposition of death benefits by pension fund organizations UR - http://hdl.handle.net/11427/38344 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/38344
dc.identifier.vancouvercitationJeram NGP. Section 37C of the Pension Funds Act - disposition of death benefits by pension fund organizations. []. ,Faculty of Law ,Department of Commercial Law, 2004 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/38344en_ZA
dc.language.rfc3066eng
dc.publisher.departmentDepartment of Commercial Law
dc.publisher.facultyFaculty of Law
dc.subjectLaw
dc.titleSection 37C of the Pension Funds Act - disposition of death benefits by pension fund organizations
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationlevelMasters
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