The Minister of Basic Education, Mrs Angie Motshekga has appealed to teachers to refrain from resigning to access their pension funds.
“We have noted with concern reports that there is an increase in resignations fuelled by rumours that Government will take away people’s hard-earned pensions and prevent them from accessing their funds. I want to assure teachers that this is not the case. These rumours are based on a misunderstanding of Government’s proposals. We would like to reemphasise that Government has no intention to nationalise teacher’s pension/provident funds or prevent them from accessing their money. I would urge those wanting to take this drastic step, to carefully re-consider. Your money is safe and there's no need to panic,” said Motshekga.
It must be emphasised that the proposed pension fund reforms are just that, proposals and that the National Treasury will embark on a consultation process with all stakeholders in a bid to find the best way forward.
Enquiries:
Elijah Mhlanga
Cell: 083 580 8275
Troy Martens
Cell: 079 899 3070
