Rules of the MCPF

  • Original rules and policies registered on 28 July 1989.
  • First Revised rules registered on 20 May 1997.
  • Second revised rules registered on 29 August 2002 with effect from 1 July 2001 and amended by the following:

    1: Amendment registered by the Registrar on 30.08.2002 (Delete the definition of “ELIGIBLE SPOUSE”; sections 16(3), 19(2) and 35)

    2: Amendment registered by the Registrar on 04.03.2003 (references to a 15
    year restriction on contributory membership removed – Rule 24(6) and Rule 34)

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Contents

  1. INTERPRETATION 1
  2. OBJECT, BODY CORPORATE, REGISTERED OFFICE AND BINDING FORCE 7
  3. SOURCES OF THE FUND 8
  4. CONTROL OF THE FUND 9
  5. APPOINTMENT OF REPRESENTATIVES 10
  6. PROVINCIAL MEETINGS 11
  7. CHAIRPERSON OF THE PROVINCIAL MEETINGS 12
  8. ELECTION OF BOARD, CHAIRPERSON AND VICE-CHAIRPERSON 13
  9. PERIOD OF OFFICE OF TRUSTEES AND REPRESENTATIVES 15
  10. VACATING OF OFFICE BY TRUSTEES 16
  11. VACATING OF OFFICE BY REPRESENTATIVE OR ALTERNATE 19
  12. MEETINGS OF THE BOARD AND REPRESENTATIVES 20
  13. QUORUM AND MINUTES FOR MEETINGS OF THE BOARD AND THE REPRESENTATIVES 21
  14. VICE-CHAIRPERSON AND ACTING CHAIRPERSON OF THE BOARD 22
  15. POWERS OF THE BOARD 23
  16. INVESTMENT OF FUNDS 26
  17. INDEMNIFICATION OF THE BOARD AND OFFICERS OF THE FUND AGAINST LEGAL COSTS 29
  18. FIDELITY GUARANTEE INSURANCE 30
  19. PAYMENT OF MONEYS AND EXPENSES OF THE FUND 31
  20. CUSTODY OF TITLE DEEDS AND SECURITIES 32
  21. KEEPING OF RECORDS 33
  22. APPOINTMENT OF AUDITOR AND ANNUAL AUDIT 34
  23. APPOINTMENT OF ACTUARY AND HIS DUTIES 35
  24. MEMBERSHIP OF THE FUND 36
  25. EVIDENCE OF AGE AND OTHER PARTICULARS TO BE PRODUCED 38
  26. CONTRIBUTIONS BY MEMBERS 39
  27. PAYMENT OF CONTRIBUTIONS AND RECOVERY OF ARREAR CONTRIBUTIONS AND OTHER AMOUNTS 41
  28. CONTRIBUTIONS BY MUNICIPALITIES 42
  29. ADDITIONAL PENSIONABLE SERVICE 44
  30. FUND ACCOUNTS 45
  31. COMPOSITION OF ACCOUNTS
    (1) Share Account 46
    (2) Reserve Account 47
  32. RETIREMENT BENEFITS 49
  33. RESIGNATION, DISCHARGE OR LEAVING OF THE SERVICE IN CIRCUMSTANCES NOT ELSEWHERE PROVIDED FOR 50
  34. BROKEN SERVICE 51
  35. BENEFITS PAYABLE ON DEATH OF A MEMBER 52
  36. MONEYS DUE MAY BE DEDUCTED FROM BENEFITS 53
  37. A BENEFIT CANNOT BE CEDED, PLEDGED OR ATTACHED 54
  38. OUTSOURCING OF PENSIONERS 55
  39. HOW PENSIONS ARE AFFECTED BY INSOLVENCY 57
  40. UNCLAIMED MONEYS 58
  41. PRESERVATION OF ACCUMULATED PENSION RIGHTS 59
  42. AMENDMENT OF RULES 60
  43. RECONSTRUCTION AND TERMINATION OF THE FUND
    (1) Reconstruction 62
    (2) Termination 62
    (3) Partial Termination 63
  44. SHORT TITLE AND DATE OF COMMENCEMENT 65