• Version
• Download 14
• File Size 487KB
• File Count 1
• Create Date February 9, 2024
• Last Updated July 8, 2024

Admission of Liability Form

Admission of Liability Form: This document utilized under the Pension Funds Act No. 24 of 1956. Section 37D, which allows for deductions from pension benefits under certain conditions. This form is completed by members who have incurred debts to their Employer due to actions such as theft, dishonesty, fraud, or misconduct. By completing this form, a member acknowledges and admits liability for the damages caused, agreeing to the deduction of a specified amount from their pension benefits to compensate the Employer. The significance of this form lies in its role in providing a structured means for Employers to recover losses directly from a member’s benefits, which is only applicable if the member has voluntarily admitted liability in writing or if there has been a court judgment against them.