THE URGENT NEED FOR THE TRANSFORMATION OF LOCAL GOVERNMENT OCCUPATIONAL RETIREMENT FUNDING ARRANGEMENTS

Friday, June 15, 2012
  • SHARE THIS ARTICLE

The retirement funding problems associated with the rationalization of local authorities have been exacerbated by the corporatisation and outsourcing of various of their functions and will be further accentuated if government achieves its objective of having a single, mobile, public service. Employees whose employment contracts have been assigned from one employer to another may have ceased to be eligible for membership of their former funds in terms of their rules and may yet have been entitled in terms of section 197 of the Labour Relations Act to the maintenance of their previous conditions of service.

Read further