Contributions are made in accordance with the Remuneration of Public Office Bearers Act No.20 of 1998 and subsequent Government Notices that get issued in this regard from
time to time.
| Contributions | |||||
| Member | = 13.75% | ||||
| Council | = 15.00% | ||||
| Total | = 28.75% | ||||
| Member’s share account (fund credit) is completetd as follows | |||||
| a. | Own contributions | 13.75% | |||
| b. | Portion of council’s contributions *Minus risk benefits and costs Allocation to member |
15.00% – 6.00% 9.00% |
9.00% | ||
| c. | Plus interest and investment returns Total Fund Credit | 22.75% _ x.xx _ x.xx ====== |
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| All Benefits are taxable | |||||
