News24

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.

Comments
  • Marion - 2012-03-20 11:41

    B****y crooks!! I wonder if the State Pension Fund allows for it to invest in eToll which is a high risk investment (if one can call it an investment). If I was a state employee I would be more than furious to know that my pension contributions were being invested in that manner.

  • Gordon - 2012-03-20 11:46

    "ordered the municipality to pay the shortfall of R2.5m to the fund, on Maltman's behalf" This is no punishment at all... ratepayers will pick up the bill! Why are the PEOPLE who did this not held personally liable?

      Zimbobwe - 2012-03-20 13:23

      Banana republic zim here we come...

  • Peter-Peter - 2012-03-20 11:50

    this country is so f*****

  • Hermann - 2012-03-20 12:07

    Maltman as well well as those who signed the authorisation papers should all be boxed in where the windows and doors have bars. Now they are getting off scot-free and the rate payers are coughing it up.

  • Roy - 2012-03-20 12:28

    This makes one sick to the stomach to know that from the president of the country down to all in government and local government, are a lot of corrupt thieves who can do as they please and get away with it. Only wish these bloody b--t--ds could read these comments to see what people think of them. Even in sport you have these despicable thieves.

  • Gavin - 2012-03-20 12:31

    Stuff like this makes me so MAD ! This tosser worked for 15 years and effectively won the lottery. He doesn't even have to pay the money back - so what's the point of the ruling by these idiot judges ? SA is definitely the new land of opportunity with crap like this and the full payment of salaries to suspended officials who have been off for years, not just months. SA is bleeding stolen money courtesy of a corrupt government whose only interest is self enrichment. We need to be careful as some of the money that is being stolen, belongs to overseas investors......

      Marion - 2012-03-20 14:18

      @Gavin - 'SA is bleeding stolen money...' Found this 2010 article in The Economist that you may find of interest. http://www.economist.com/node/15464513

  • lovenergy - 2012-03-20 12:39

    I would like ANY opposition party in that area to sue the municipality on the behalf of the tax payers. Not like KZN doesn't need that money! Our freaking roads are falling apart, we don't get enough water or electricity yet we just need to pay while he gets to keep his blood money! They are playing a dangerous game and getting caught out too many times.

  • Perfume - 2012-03-20 13:29

    There is no honour amongst thieves in this country!!!!

  • Michael Hambidge - 2012-03-20 14:08

    What a bunch of tools. Fraudsters like these guys are the ones who continuously nullify the efforts of those who are trying to do the right thing in this country. Its a disgrace and a slap in the face of all the good folk that fall under the endumeni municipality's management.

  • Omrisho - 2012-03-20 17:26

    hmmm... comment removed i see, bit close to home maybe??

  • mandlazulufreedom - 2012-03-21 08:39

    How could the rules be bent in the first place? There must have been a flaw in the pension fund, well done to Maltman for using his brain to find this flaw. This man should be put on the pension fund to help find more flaws so that the government doesn't have have to splash out for brains. The pension fund should take the fall for this not the Municipality, sure they can afford it!

  • pages:
  • 1