Member Booklet - UKZN Retirement Fund - University of KwaZulu ...

1. JOINING THE FUND
1.1 MEMBERSHIP
From 1 October 2012 the following categories of new employees are eligible for membership.
Anyone eligible for membership is required to join the Fund.
a. All new employees appointed to University of KwaZulu-Natal funded permanent posts on
conditions of service specifying membership of the Fund;
b. All new employees appointed to University of KwaZulu-Natal funded posts on fixed-term
contracts specifying membership of the Fund;
c. Employees employed on permanent or fixed-term contracts by any division of the
University of KwaZulu-Natal in posts funded by another body or organisation on
conditions of service which specify membership of the Fund;
d. Members of the Fund as at 1 October 2012 continue to be members even if they do not fit
any of these categories.
1.2 DATE OF JOINING THE FUND
If your employment is from the first day of a month, that will be your Fund joining date. If you join
during the month, and a pro-rata contribution is paid for that month, your date of engagement will
be your joining date.
1.3 WITHDRAWAL FROM THE FUND WHILE EMPLOYED BY THE EMPLOYER
In terms of Income Tax regulations, you are obliged to remain a Fund member as long as you
continue to be employed by the University of KwaZulu-Natal, or by a body or organisation on
conditions of service which specify membership of the Fund.
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