Delays in pension fund payouts explained

Government Employees Pension Fund has confirmed that there are some delays in pay-outs.

The organisation explains that there are various reasons why the process is stalled, admitting that government departments fall short at times.

Bruce Whitfield, standing in for Xolani Gwala, spoke to the spokesperson of the Government Employees Pension Fund, Mack Lewele.

Often the process between the department -be it education or Saps - you will find that a member exists in January, but come March we do not have the forms yet. And out there we as GPS looks like we pay late and yet we don't get the forms on time and sometimes for various reasons.

Mack Lewele, spokesperson of Government Employees Pension Fund

From our side I can confirm that when we get everything, we are bound to pay no later than 60 days and we strive to achieve that.

Mack Lewele, spokesperson of Government Employees Pension Fund

We request that employees also check regularly their affairs with Sars.

Mack Lewele, spokesperson of Government Employees Pension Fund

Click on the link below to listen to the full audio....


This article first appeared on 702 : Delays in pension fund payouts explained


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