The Pension Funds Act introduced the Clean Break Principle in 2007, which deals with the distribution of

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The Pension Funds Act introduced the Clean Break Principle in 2007, which deals with the distribution of retirement benefits in terms of a divorce settlement. Indicate the incorrect answer from each of the following and give one reason for that?

A. The non-member spouse can elect to take the benefit in cash or to be transferred to an approved fund

B. The Clean Break Principle only applies to divorces after 13 September 2017

C. Payment must be made to the non-member spouse immediately after divorce

D. The fund must accede to the request of the non-member within 60 days

Related Book For answer-question

Auditing and Assurance Services A Systematic Approach

ISBN: 978-0077732509

10th edition

Authors: William Messier Jr, Steven Glover, Douglas Prawitt

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Posted Date: Feb 22, 2024 05:29 AM

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The Pension Funds Act introduced the Clean Break Principle in 2007, which deals with the distribution of

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Auditing and Assurance Services A Systematic Approach

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