Section 24, The National Social Security and Insurance Trust Act, 2001

(1) The existence of a private or company pension, provident fund, or such similar facility in respect of workers to whom this Act applies shall not exempt the employer of such workers from the provisions of this Act and the employer shall be responsible for No. 5 The National Social Security and Insurance Trust Act 2001 13 deducting contributions from the earnings of the workers and paying them along with his own contributions to the Trust at the rates prescribed by this Act. (2) Notwithstanding the terms of any fund or facility referred to in subsection (1), it shall be lawful for the employer concerned to amend the written provisions of that fund or facility with the prior approval of its governing authority or in the absence of such approval, with the consent of the Board so as to adjust the benefits provided therein to enable the payment of the contributions payable under this Act. PART VI—CONTRIBUTIONS [Margin: Rates of contribution.]