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Glossary of Terms

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From The Glossary »

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Benefit Administrator:

A person appointed by a pension fund in terms of an (pension fund) administration agreement whereby the members of the Board of Management delegate their functions, on behalf of that pension fund to administer the income and expenditure of such fund, the safe custody of the assets of the fund, the disposition of benefits defined in the rules of the fund, and all other administrative functions such as registration of rule amendments, provided such ...
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