Adjudicator orders municipal pension fund to pay member R800,000
PFA finds that retirement savings were paid to a fraudster while the complainant was in prison
09 July 2024 - 05:00
The Pension Funds Adjudicator (PFA) has ordered the Municipal Gratuity Fund to reimburse a former Pikitup employee for funds that were misappropriated by a syndicate while he was incarcerated.
The pension fund disbursed more than R800,000 to a syndicate involved in identity theft and fraudulent claims for retirement fund benefits...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.