• Gupta fallout

    KPMG is still losing staff and clients due to Gupta fallout, according to insiders.

  • Stimulus reaction

    Ratings agency Fitch says SA's stimulus plan is unlikely to boost growth significantly.

  • The Ramaphosa Plan

    The president said on Friday that the work "starts now". He wasn't wrong, writes Pieter du Toit.

Loading...

Public servants cash out pension then return to work, report finds

Jul 12 2018 07:43
Lameez Omarjee

Public servants are resigning to cash out their pensions only to rejoin the public service, according to a report by the public service commission.

The commission on Wednesday released its report on efficiency and effectiveness in the public service for the period between January 1 and March 31, 2018. It observed a "lack of control" of resignations by public servants to cash out their pensions.

The commission has recommended to the Department of Public Service and Administration and the Government Pension and Administration Agency probe the trend further. "There is a long-term risk for Public Servants who are engaging in this practice," the report read.

The GPAA similarly observed this trend as far back as 2015. At the time, chief operating officer Jay Morar said that this behaviour was mainly due to public servants being misinformed about pension reforms.

The report also revealed that during the quarter, there were more appointments than terminations of service. The amount of appointments between July 1, 2017 and March 31, 2018 increased by 50%.

Among the reasons for terminations of service were retirement, resignations, abscondment, contract expiry, death and dismissals, the report said.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

Follow Fin24 on Twitter and Facebook. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication. twitter:

SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think of President Cyril Ramaphosa's economic stimulus plan?

Previous results · Suggest a vote

Loading...