Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“Defines "approved scheme" as a provident fund scheme whose rules or regulations have been approved by the Minister under section 2.”
Defines "approved scheme" as a provident fund scheme whose rules or regulations have been approved by the Minister under section 2. Public authorities may not establish or maintain provident fund schemes for employees or members unless the scheme rules have been approved by the Minister; the Minister will give approval only if the scheme rules conform substantially to the draft regulations and contribution and bonus rates are in the best interests of the authority and its employees or members; the Minister's decision on conformity is final. Public authorities and boards of management of approved schemes must not amend or alter scheme rules or regulations without prior approval of the Minister. The Minister may, by statutory instrument and from time to time, amend the draft regulations; an amendment does not affect rules of any approved scheme in operation at the amendment date unless the Minister orders otherwise, with regard to depositors' existing rights. A public authority may deduct sums a contributor owes to that public authority from the contributor's credit in any fund administered by the authority when the contributor's account is closed.
02
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- 01
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- 02
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- 03
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03
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Defines "approved scheme" as a provident fund scheme whose rules or regulations have been approved by the Minister under section 2.
Section 1
Public authorities and boards of management of approved schemes must not amend or alter scheme rules or regulations without prior approval of the Minister.
Section 3
A public authority may deduct sums a contributor owes to that public authority from the contributor's credit in any fund administered by the authority when the contributor's account is closed.
Section 5
A person who is contributing to a provident fund scheme established under another Act is not entitled to be a contributor in any approved scheme.
Section 7
Kampala City Council must establish a provident fund scheme under this Act as soon as convenient after commencement; the Minister may not approve such a new scheme unless it is just and equitable to existing contributors and provides for specified transfers…
Section 9
04
Source and current-law status
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