Venda Pension Fund problems will be resolved

The payment of pensions to beneficiaries of the former Venda Pension Fund will be resolved soon, the Ministry of Finance recently announced.

“The Minister of Finance, Mr Malusi Gigaba, intends to resolve the payment of pensions to beneficiaries of the former Venda Pension Fund by the end of November 2017,” the ministry said in a statement.

Gigaba said that the matter had long been outstanding and needed to be resolved as urgently as possible. He further reaffirmed his commitment to seeing the project finalised.

The statement added that the Government Pensions Administration Agency (GPAA) is collating and reconstructing individual files and records of beneficiaries. This will ensure that qualifying pensioners receive the monies due to them.

The Venda Pension Fund had been privatised prior to 1994. It was then amalgamated with the Government Employees Pension Fund, which came into effect in the democratic dispensation.

Date:24 September 2017

By: Mbulaheni Ridovhona

The 22-year-old Mbulaheni (Gary) Ridovhona has been passionate about journalism to the extent that he would buy himself a copy of weekly Univen students' newsletter, Our Voice. After reading, he would write stories about his rural village, Mamvuka, and submit them to the very newsletter for publication. His deep-rooted love for words and writing saw him register for a Bachelor of Arts in Media Studies at the University of Venda, and joined the Limpopo Mirror team in February 2016 as a journalism intern.

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