Question NW2126 to the Minister of Finance
14 November 2016 - NW2126
Alberts, Mr ADW to ask the Minister of Finance
(1)Whether there is any indication that the application of the clean-break principle when a member of the Government Employees’ Pension Fund (GEPF) gets divorced will be discontinued; if not, why not; if so, what are the relevant details; (2) whether the GEPF has done any research to establish what the unintended consequences are for members who get divorced when the disbursed portion is converted into an automatic loan; if not, why not; if so, what are the relevant details; (3) what is the (a) legal basis and (b) directive judgment that establishes the practice whereby a loan is created without the member having a say in and regarding its creation?
Reply:
The following information was submitted by the Government Employees Pension Fund (GEPF) Board:
(1) The Board of Trustees has already decided to amend the implementation of the clean-break principle on divorce. It will be discontinued when the Government Employees Pension Law is amended and all the relevant approvals are granted.
(2) Yes, research was done and the GEPF board was comfortable that there would be no unintended consequences.
(3) This matter is currently sub judice.