What are the differences between Pension fund and Provident fund ?

Pension funds vs Provident funds:
http://www.blonnet.com/iw/2001/12/16/sto...

"The main difference between a pension and provident fund is the following:

* Under a pension fund at least two-thirds of the final benefit must be paid as a pension for the rest of the pensioner's life. A maximum of one-third of the final benefit may be taken as cash.
* Under a provident fund, the full amount of the benefit available at retirement may be taken as a lump sum cash payment, irrespective of whether the benefit is calculated on a defined benefit or a defined contribution basis."
http://www.pension.co.za/prod_employee_d...

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