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 | INSURANCE COMPANIES |
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From The Glossary » | Pension Fund: |
| | A funding arrangement as defined in the Pension Funds Act 1956 to provide pension and/or other benefits for members on retiring and, after a member’s death, for his or her dependents or nominees. At least two-thirds of the benefits due at retirement must be taken as a pension in terms of the Income Tax legislation. | | More Definitions » |
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