Question NW3341 to the Minister of Public Enterprises
22 September 2015 - NW3341
Alberts, Mr ADW to ask the Minister of Public Enterprises
Why did Transnet not pay out the bonus expected by the middle of 2015 to pensioners who are members of the Transport Pension Fund and the Transnet Second Defined Benefit Fund and are drawing a pension of R15 000 or less per year?
Reply:
As responded to in PQ3010 submitted on 27 August 2015, the ex gratia payments made by Transnet to qualifying pensioners of the Transnet Second Defined Benefit Fund and the Transnet Sub Fund of the Transport Pension Fund are discretionary amounts. No decision has been taken by Transnet to make a payment in the 2015 calendar year.
END