Teacher begs treasury to rethink excluding public servants from pension withdrawals - The Mail & Guardian

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Cornelius Sebothoma, now in his late fifties, has been a teacher for 20 years. He is disappointed that the treasury will not allow government employees, who belong to the GEPF, to make emergency withdrawals from their pensions.

, who belong to the Government Employment Pensions Fund , to make emergency withdrawals from their pensions., Sebothoma said such withdrawals would have helped his family, and many others.

According to section 5 of the GEPF governance charter, withdrawals from the fund should be approved by the minister of finance, with the concurrence of the board. This is a practice that happens across the board, Bagraim said — even among public servants. “People are desperate and it has become much worse because of the pandemic.”

The father of two said he began contributing to the GEPF in 2002. “I only earn R25 000 a month and all of this is attached to commitments: it’s the only income in our household. My wife is unemployed. I have to do bond repayments for our house, since I was forced to extend the matchbox house I had,” Sebothoma said.

 

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Public servants are the most unfortunate group in society who always being marginized, giving them part of the pension fund will go a long way

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