N.B, based on South Africa's laws

1. Oliver transferred his resignation benefit in the Aces. Provident Fund, of which the normal retirement age was 65 , to the Betta Provident Preservation Fund in June 2015. Upon starting empioyment with a new empioyer in July 2015 , he joined the Cele Pension Fund, which has a normal retirement age of 60 . Oliver will turn 60 next month. Which one of the following statements is correct? a. Oliver must take his retirement benefit from the Cele Pension Fund, but does not have to take his retirement benefit from the Betta Provident Preservation Fund. b. Olivor must take his retirement benefit from the Betta Provident Preservation Fund, but can postpone taking his retirement benefit from the Cele Pension Fund c. Oliver must take a retirement benefit from both the Cele Pension Fund and the Betta Provident Preservation Fund. d. Oliver can postpone taking his retirement benefit from both the Cele Pension Fund and the Betta Provident Preservation Fund. e. None of the above. 1 points QUESTION 8 1. Nelly is a member of the Excel Provident Fund. She is filing for divorce against Paul. They agreed that he should get a portion of her money in the Excel Provident Fund. Nelly presents you with the proposed settlement agreement and asks you which of the following provisions in that agreement should be changed for the divorce order to be binding on the Excel Provident Fund. i. The plaintiff is a member of the Excel Provident Fund. ii. The defendant is entitied to 50% of the plaintif's provident interest in the Excel Provident Fund. ii.. The Excel Provident Fund will pay the allocated amount to the defendant or transfer it to another retirement fund on his behalf. iii. The Excel Prove amount allocated to the defendant must be paid within 60 days after the Excel Provident Fund recelves the defendant's payment instruction. v. The Excel Provident Fund will pay interest on the amount allocated to the defendant from the date of divorce to the date of payment. Choose the correct option. 2. 1, ii. iii and iv. b. il and v2 c. I, iil and iv. d. ii, w and v. e. None of the above