15AXPayment of contributions

15AX Payment of contributions

15AX Payment of contributions

(1) Contributions to the Pension Fund shall be calculated on a monthly basis, and the contributions payable in respect of a month shall be paid to the board within 7 days after the last day of the month to which they relate.

(2) Contributions to the Pension Fund—

(a) by a person who was a servant for a part, but not the whole, of a month are payable only for that part of the month during which he was a servant, or

(b) by an employer in respect of a person who was a servant of that employer for a part, but not the whole, of a month are payable only for that part of the month during which he was a servant of that employer,

and, for the purposes of this subsection, contributions to the Pension Fund shall be calculated on a daily basis.

(3) A contributor’s contributions to the Pension Fund are payable to the board by the employer by whom he is employed, and the employer is entitled to deduct the contributor’s contributions from any amount or amounts that may become due to him by way of salary or otherwise.

ss 15AR–15AY: Ins 1977 No 46, Sch 1 (4).