Oasis berated for holding back pension benefits of former employees
Funds are failing to balance the competing interests of the employer and the member
13 July 2020 - 14:03
Trustees of retirement funds need to be cautious when dealing with employers who withhold the retirement benefits of employees who, on resignation or dismal, get accused of stealing from or defrauding their employer.
The office of the Pension Funds Adjudicator (PFA) has seen a number of these cases and in almost all, funds have failed to balance the competing interests of the employer and the member, Naheem Essop, a senior legal adviser at the PFA, said in a recent webinar hosted by the Institute of Retirement Funds...
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.