enacted by the Parliament of South Africa

“ Amendment of section 55 of Act 200 of 1993
1. Section 55 of the Constitution is hereby amended by the substitution for subsection (4) of the following subsection:
“ (4) There shall, subject to section 207 (2) , be paid out of and as a charge on the National Revenue Fund to a member of the National Assembly or the Senate such [salary] remuneration and allowances [,and upon his or her retirement, or to his or her widow or widower upon his or her death, such pension and pension benefits] as may be prescribed by or determined under an Act of Parliament.”. ”

“ A pension fund shall be established for the purposes of this section after consultation with a committee appointed by Parliament, and such a fund shall be registered in terms of and be subject to the laws governing the registration and control of pension funds in the Republic.
(3) All political office-bearers shall be members of the said pension fund. ”

“ Contributions to the said fund by members of the fund shall be made at a rate to be determined in the rules of the fund, and such contributions shall be deducted monthly from the remuneration payable to members as political office-bearers. ”