retirement interest definition

retirement interest means a member’s share of the value of a pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund as determined in terms of the rules of the fund [upon his or her retirement date] on the date on
retirement interest means a member’s share of the value of a pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund as determined in terms of
retirement interest means a member’s share of the value of a pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund as determined in terms of the rules of the fund on the date on which he or she elects to retire or

More Definitions of retirement interest

retirement interest means a dollar amount equal to 13 1/3% of the Interest Rate.
retirement interest as defined in section 1(1), means the member’s share of the value of a retirement fund as determined in terms of the rules of the retirement fund on the date on which he or she elects to retire;
retirement interest means a member’s share of the value of a pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund as determined in terms of the rules of the fund [upon his or her retirement date] on the date onwhich he or she elects to retire;";(r) by the insertion in subsection (1) after the definition of "share" of the following definition:
retirement interest means a member’s share of the value of a pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund as determined in terms of the rules of the fund immediately prior to the date on which the member becomes entitled to a benefit from that fund upon his or her retirement date;”;(zF) by the substitution for the definition of “tax” of the following definition:
retirement interest means a member's share of the value of a pension fund, pension preservation fund,
retirement interest means a member’s share of the value of a pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund as determined in terms of the rules of the fund [upon his or her retirement date] on the date on which he or she elects to retire;”;(o) by the insertion in subsection (1) after the definition of “share” of the following definition: “‘Share Blocks Control Act’ means the Share Blocks Control Act, 1980 (Act No. 59 of 1980);”; and(p) by the insertion in subsection (1) after the definition of “Short-term Insurance Act” of the following definitions:
retirement interest means a dollar amount equal to 13-1/3% of the Base Interest credited to the Participant's Base Account or Retirement Account, as the case may be, at a Determination Date.