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IOL reports that after decades of frustrations, thousands of civil servants from the former Transkei, Bophuthatswana, Venda, and Ciskei (TBVC) states, who have voiced concerns over their “miscalculated pension” payouts, will have their issues looked into.
The problems of employees who came from the four independent Bantustans was brought to Parliament’s attention by UDM leader Bantu Holomisa on Tuesday this week during the debate on President Cyril Ramaphosa’s state of the nation address. The workers were employed by the TBVC states in the 1970s and 1980s. In 1996 their billions in pension funds were moved to the Government Employees Pension Fund (GEPF), which is managed by the Public Investment Corporation (PIC). Holomisa said that although these workers had raised their concerns with the GEPF and PIC, they had not been attended to. With limited resources, some of the remaining workers had taken the matter to court, while others had since died. Responding to Holomisa’s concerns on Thursday, Ramaphosa announced that the issue of former TBVC workers would be handled by a panel to be formed by the Minister of Finance, Enoch Godongwana. “I have asked this task team to provide a report on this matter and I have also asked the minister of finance to set a team to look into the issue of pensions for civil servants from the TBVC states. So, that work is going to get under way and I would like to thank General Holomisa for having raised this matter,” Ramaphosa indicated.
- Read the full original of the report in the above regard by Sihle Mavuso at IOL
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