Today's Labour News

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CapeTownlogoTimesLive reports that City of Cape Town employees signed up with the SA Municipal Workers' Union (Samwu) will be paid more than R25-million to address a discrepancy in the city's pension fund contributions since 2000.  

The city and the union have settled out of court following a long battle over what the city was contributing towards the pensions of individual employees.  The monies will be paid into the workers' pension fund in two tranches, namely R14.6-million to cover the shortfall from 2000, and a further R11.3-million in late payment interest.  Samwu Cape Town regional secretary Mike Khumalo explained that the city had been paying an 18% contribution towards some employees' pension funds and only 12% for others as a result of the city not increasing its contributions when smaller municipalities amalgamated in 2000 to form the City of Cape Town.

  • Read this report by Aphiwe Deklerk in full at TimesLive

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