Changes to politicians’ pension fund ‘immoral’
- Published on 4 Mar 2016
- HR Pulse News Desk
Proposed changes to the politicians’ pension fund to avoid new fringe benefit taxes, which are apparently based on a proposal by the minister of finance.
The Independent Commission for the Remuneration of Public Office Bearers wrote a proposal to President Jacob Zuma for changing the rules of the Political Office Bearers Pension Fund (POBPF) so that the politicians - including the president, ministers, MPs, premiers, MECs and MPLs - could dodge the new taxes which start this month and which could cost them up to R22,000 a month more.
Commission chairman Judge Cagney Musi said in a memo that was gazetted on Monday that the commissioners were deeply divided. “There were some who held the view that it is unfair and immoral to enact a law and subsequently or simultaneously exempt the lawmakers from its negative effects.” The commission, however, resolved to recommend the change in rules to the President.
Source: SA Labour News
