What is the role of a principal officer?
The principal officer’s task is to run the business and implement policies and strategies adopted by the board. In addition the principal officer is responsible for the compliance of the fund and should fulfil the functions of a compliance officer.
Who appoints the principal officer?
APPOINTMENT OF THE PRINCIPAL OFFICER BY THE BOARD OF FUND Once the board of a fund is satisfied that an appointee meets all the above minimum criteria, the board must notify the Registrar of the appointment in the format attached hereto as Annexure A, which must be accompanied by a duly signed copy of Annexure B.
How much is pension fund in South Africa?
South African pension rates and contributions The current South African pension rates for the SASSA grant are a maximum of R1,780 per month, rising to R1,800 per month for those aged over 75.
How do you become a principal officer?
Ans: Principal Officer of an insurance broker can be a person who possesses the educational qualifications as stipulated in Schedule – I Form E of the Regulations, undergo training and pass the examination conducted by National Insurance Academy, Pune with 50 per cent marks.
How much does a principal officer get paid?
Pay and grading
| Grades | Salary scale PPC | Salary scale non-PPC |
|---|---|---|
| Principal Officer (Higher) | €98,593 – €121,586 | €93,657 – €115,510 |
| Principal Officer (Standard) | €91,609 – €113,313 | €87,030 – €107,648 |
| Assistant Principal (Higher) | €77,275 – €96,622 | €73,408 – €91,793 |
| Principal Clerk | €70,399 – €96,622 | €68,003 – €91,793 |
How much money can you have in the bank and still get the pension?
Assets Test A single homeowner can have up to $599,750 of assessable assets and receive a part pension – for a single non-homeowner the lower threshold is $816,250. For a couple, the higher threshold to $901,500 for a homeowner and $1,118,000 for a non-homeowner.
How much is Sassa pension?
The maximum amount that you will get from 1 April 2019 is R1 780, and beneficiaries over 75 years will get R1 800. How will you be paid? The South African Social Security Agency (SASSA) will pay the grant to you by one of the following methods: cash at a specific paypoint on a particular day.
Who can be principal officer?
The term “principal officer” is defined in Section 2(35) of the Act as the secretary, treasurer, manager or agent of the company and any person connected with the management or administration of the local authority, company, association or body upon whom the Assessing Officer has served a notice of his intention of …
What is broker qualified person?
Ans: Broker Qualified Person is an individual who is an employee or director of the insurance and reinsurance broker engaged in solicitation and procurement of insurance business and who has undergone training and passed the examination specified for them.
What is grade 7 in the Civil Service?
Grades 6 and 7 civil servants tend to be experienced officials with significant policy responsibilities. Senior Civil Service (SCS) is the most senior grade of the civil service made up of the senior management team.
What is an AO in the Civil Service?
The Administrative Officer (AO) grade is the highest level to which staff are regularly recruited to the general administrative grades of the civil service. On appointment, AOs are assigned to a government department/office in areas such as education, health, social welfare, tourism or finance.
How much super can you have and still get the pension 2021?
If you own your own home and are of age pension qualifying age, a couple can save up to $394,500 in super and other assets and receive the full age pension under the Centrelink assets test. If you have less than $863,500 in super and other assets*, you may qualify for a part pension from Centrelink.
Why join the Sapa?
The South African Principals’ Association (SAPA) welcomes all Principals and Deputies into a professional body, where current issues in education are addressed, and where collegial support is offered. All South African Principals and Deputies are encouraged to join the Association.
Can you be a member of Sapa and be a teacher?
This paves the way for individuals to be members of the major teacher unions in South Africa and also be members of SAPA. While SAPA is the national umbrella body, the association effectively functions at a provincial level.
What happened in Sapa Gauteng 2019?
2019 is on its tail end as we look back with pride to the year that was. 2019 was a very eventful year for both SAPA Gauteng and SAPA National. The highlight of the year was when DBE sponsored 25 SAPA principals from all 9 provinces to the ICP conference in China in October 2019.