Pension Laws Amendment Act 79 of 1989

Pension Laws Amendment Act, 1989 (No.) 79 of 1989

Act

• to provide for the further increase of certain benefits payable in terms of the provisions of the Occupational Diseases in Mines and Works Act, 1973.

(English text signed by the State President.)
(Assented to 1 June 1989.)

BE IT ENACTED by the State President and the Parliament of the Republic of South Africa, as follows:-

Increase of certain benefits

1. (1) Subject to the provisions of subsection (2), a benefit as defined in section 1 of the Occupational Diseases in Mines and Works Act, 1973 (Act No. 78 of 1973) (hereinafter referred to as the principal Act), which is payable in terms of the said Act-

(a) and which was increased by section 2 of the Pension Laws Amendment Act, 1987 (Act No. 88 of 1987), and the laws mentioned in that section, shall be further increased-

(i) in the case of a benefit referred to in sections 79 (4) (a) and (b), 83 (1) (a) and (b) and 91 (1) (a) and (b) of the principal Act which is payable in the form of a one-sum benefit, by R2 864,00 with effect from 1 January 1989;

(ii) in the case of a one-sum benefit which is payable in terms of sections 80 (1) and 82 (1) (a) of the principal Act, by 12,5 per cent;

(iii) in the case of a one-sum benefit which is payable in terms of section 80 (3) of the principal Act, by 20 per cent;

(iv) in the case of a one-sum benefit which is payable in terms of sections 87 (1) and 106 (a) of the principal Act, by 25 per cent; and

(v) in the case of a one-sum benefit which is payable in terms of sections 87 (3) and 106 (b) of the principal Act, by 30 per cent; and

(b) and which was increased by section 9 of the Pension Laws Amendment Act, 1984 (Act No. 123 of 1984), shall be further increased-

(i) in the case of a one-sum benefit which is payable in terms of section 80 (4) of the principal Act, by 20 per cent;

(ii) in the case of a one-sum benefit which is payable in terms of sections 87 (4) and 88 (2) of the principal Act, by 25 per cent;

(iii) in the case of a one-sum benefit which is payable in terms of section 106 (c) of the principal Act, by 30 per cent.

(2) In calculating any benefit referred to in subsection (1), a fraction of a rand shall be calculated to the next complete rand.

Short title

2. This Act shall be called the Pension Laws Amendment Act, 1989.

Commencement

14 June 1989