Rule 322 — Initial contributions

Parent Act Section(s): See cross-references below

Full Text

Initial contributions.– The amount to be allowed as a deduction on account of an initial contribution, which an employer may make in respect of the past services of an employee admitted to the benefits of a fund, shall not exceed 1 8 % of the salary of the employee for each year of his past service with the employer. 3

[To be populated — interpretive notes, circular references, case law pointers]