FF Plus takes heart from Pravin Gordhan’s statement on Transnet pensioners
The Freedom Front Plus (FF Plus) said it was encouraged by Public Enterprises Minister Pravin Gordhan’s response to its question on the plight of thousands of Transnet pensioners. The estimated 40‚000 pensioners achieved victory at the Constitutional Court in April when the court granted permission for their claim to recover billions owed to them. The pensioners instituted a class-action suit against the Transport Pension Fund‚ the Transnet Second Defined Benefit Fund and Transnet. Their claim was based on a promise made to them in 1989 that they would receive the same pension benefits under a commercial entity‚ Transnet‚ as they did under the state entity that employed them until then‚ the South African Transport Services and its two pension funds. The pension funds kept the promise until 2002‚ when the funds failed to grant any pension increases beyond the minimum of 2% per year. The pensioners had calculated that the debt owed to the two pension funds stood at R80bn by March 2013...
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