State coffers have R456-million in unclaimed pensions

Thousands of former civil servants have not claimed R456-million in pension money, the Government Pensions Administration Agency (GPAA) said on Tuesday.

“We have approached the department of home affairs and credit bureaus to assist us in the tracing of the beneficiaries,” chief operating officer Jay Morar told reporters in Pretoria.

“In addition, we have embarked on a tracing initiative in which we have engaged the services of a tracing company. Through this company, we have managed to record modest success.”

In December, the uncollected benefits amounted to R456-million, owed to 17 000 former civil servants.

Former provincial government department employees had not claimed R271-million, while former national government department employees had not claimed R185-million.

“There is a touching case of one gentleman, in township lingo called a ‘street kid’ or ‘hobo’. He was found living under a bridge in Soshanguve, Pretoria, unaware that he is the rightful beneficiary of several hundreds of thousands of rands worth of benefits,” said Morar.

“Subsequently, he was paid what is due to him, allowing him to return to the studies that he had been forced to abandon after the death of his mother.”

The GPAA is a government agency that reports to the finance minister. It is mandated to administer pensions on behalf of the Government Employees Pension Fund and national treasury.

The agency’s financial affairs are governed by the Public Finance Management Act while its human resources arm falls under the ambit of the Public Service Act.

In the 2013/14 financial year, the GPAA received R52-billion in pension contributions from members and employers. In the same period, 62 771 benefits were paid to outgoing public servants.

Morar said on average the GPAA received 2 239 resignations per month. It had processed an average of 749 deaths per month over the past seven years. – Sapa

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Sapaxxxx
Guest Author

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

SA female filmmakers exhibit their work at Festival de Cannes

A candid story about love; and how human beings’ shortcomings get in the way

As mobile internet speeds rise, Africans are spending more time...

The move online due to Covid-19 restrictions further boosted the demand for such services by people on the continent

Hlophe accuses high court of trying to rewrite the law

The court deviated impermissibly from the constitution to sanctify the composition of the Judicial Service Commission when it found that he should face impeachment for gross misconduct, the Western Cape judge president argued in an application for leave to appeal

Boehly’s Chelsea takeover puts US tycoon in spotlight

The American has grand ambitions for the west London club as he targets sustained success on the pitch and financial growth off it
Advertising

press releases

Loading latest Press Releases…
×