Provides for regulations for employees who retire after having reached the age of 62 and are entitled to pension under this Act whenever it is settled by collective agreement.
Introduces 8 articles respecting, inter alia:
Article 1: Scope.
Article 2: Conditions for entitlement to contractual pensions.
Article 3: Design of contractual pensions.
Article 4: Payment of pensions.
Article 5: Management and decision-making authority.
Article 6: State Guarantees.
Article 7: Regulations.
Article 8: Entry into force and transition provisions.
The Act No. 64 of 1993 is repealed as of 1 January 2011