As Brian Molefe faces losing his R8m a year salary with news on Wednesday that his reinstatement as CEO is set to be rescinded‚ he may take heart to hear that he qualifies for a pension payout after his brief stint as an MP. Having spent three months as an MP‚ Molefe is eligible for R40‚000 — or more — in pension money from the Political Office Bearers Pension Fund. The amount is an estimate calculated using publicly available information of MPs’ salaries and the percentages they and their employer‚ Parliament‚ contribute monthly. Molefe started work as an MP in mid-February and served in Parliament for the full duration of March and April‚ before returning to Eskom on May 15. This translates to roughly 90 days of holding political office‚ and he is entitled to his contributions to the fund as deducted from his first salary.
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