Municipality guilty of pension fraud

2012-03-20 11:23
Johannesburg - A 43-year-old Endumeni municipality, KwaZulu-Natal, employee who had worked for 15 years, received a pension payout for 45 years of service, Beeld newspaper reported on Tuesday.

The Natal Joint Municipal Pension Fund paid Bart Maltman R2.7m after he resigned. The municipality then reappointed him as a contract worker.

Five appeal judges found Maltman and the municipality had exploited the rules of the pension fund to "bring about a physical impossibility in real life".

Everything pointed to the fact that Maltman and the municipality had conspired to bend the pension fund's rules, the judges said.

Appeal judges Ian Farlam, Belinda van Heerden, Azhar Cachalia, Lorimer Leach and Malcolm Wallis ruled the situation was unreasonable, and ordered the municipality to pay the shortfall of R2.5m to the fund, on Maltman's behalf.

Read more on:    pietermaritzburg
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
13 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News
Horoscopes
Aquarius
Aquarius

If you can`t logically make sense of things, trust your intuition and notice the signs around you to help you see through the mist...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.