Brian Molefe's benefits amounted to 13 years of services with a 5 year contract

The alleged R30 million pension payout for disgraced former Eskom CEO Brian Molefe was scrutinized in Parliament on Friday.

An Eskom pension fund official is appearing before the Portfolio Committee on Public Enterprises on Day 3 of the parliamentary inquiry into the parastatal.

Molefe was fingered in Thuli Madonsela’s state capture report after cellphone evidence revealed that fifty eight telephone calls were made between him and Ajay Gupta between August 2015 and March 2016.

Rahima Essop, EWN reporter was in parliament. She says the committee heard from the Eskom pension and provident fund department.

The official told members of parliament that Eskom gave its pension and provident fund department incorrect information about Molefe's employment contract, creating the impression that he was a permanent employee even though he was on a five year fixed contract.

Rahima Essop, EWN reporter

Only permanent employees can be members of the fund which is an independently run legal entity governed by a board of trustees and relied on Eskom's information when making decisions on pension payout reports Essop.

She says according to the CEO it had no reason to mistrust the parastatal. She adds that going forward, Eskom will have to present proof employees contracts.

For example they want to view Anoj Singh's contract-if he's also a member of the fund. Eskom has also been asked to submit names of employees who are part of the fund but should not be part of it.

Rahima Essop, EWN reporter

Essop goes on to say the fund is now reviewing its rules as a result of the controversy surrounding Molefe's sizeable pension payout calculated at R30 million.

Eskom invoked rules which permitted Molefe to take early retirement at age 50 and the utility brought additional benefits amounting to 13 years of services. Even though he checked at 50, he got the pension of someone that retired 63. And the fact his wife was younger than him also boosted his payout. According to calculations from the fund, if your wife is five years younger than you, you get more money.

Rahima Essop, EWN reporter

Listen to the full EWN report in the clip below:


This article first appeared on 702 : Brian Molefe's benefits amounted to 13 years of services with a 5 year contract


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