Natu concerned about teachers resigning for quick pension payouts

2015-10-14 19:06
(Picture: Natu via Facebook)

(Picture: Natu via Facebook)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Durban – The National Teachers Union (Natu) has expressed concern over the mass exodus of teachers who resign just to secure quick pension payouts.

The teachers union is so worried it is calling on all public servants to sign a petition to force the government to consider amending the relevant provisions of the civil servants' pension fund in order to allow workers to meet their monthly expenses.

Addressing the media in Durban on Wednesday, Natu deputy president, Allen Thompson, said the petition was circulating in schools, hospitals, police stations and other government departments.

The union is aiming to have 100 000 signatures endorsing the proposal by the end of November so that it can start engaging the government in December.

"You find that a teacher has a child in the University of Cape Town and is expected to pay R100 000 [for the fees] and they cannot go to the bank.

"The only option that they have is to resign. When they resign and get R1 million, they will be taxed about R400 000 and they will be left with R600 000. What is sad is that they do not need all of that money, they only need R100 000," explained Thompson.

Resignations reached 'epidemic proportions'

He said the resignations had reached "epidemic proportions" and that Basic Education Minister Angie Motshekga had promised to alleviate the situation.

Thompson said the majority of public servants were experiencing severe financial difficulties and this impacted negatively on their jobs.

"We know that resignations motivated by the need for lump sum cash payments from the employees’ hard-earned pension funds will not be beneficial to the employees and their families in the long term."

Thompson said educational financial programmes should be made available to public servants to teach them how to handle their personal finances.

"I am one of those people who were employed and I was never told how much I was going to earn at the end of the month. My letter of appointment does not show how much I get paid. I learnt through the system how much I earned and this is how people find themselves in debt," he said.

Thompson said the government needed to take care of its employees while they were still employed, but also needed to make sure their pension funds were secure.

Among other things, the union called on government to create a loan feature on the pension fund.

"It must be easy and quick to access, with flexible provisions for repayments at reasonable interest rates," said Thompson.

Read more on:    natu  |  education

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

'ANC’s NEC must quit'

2016-10-23 06:00

Inside News24

Financial advisors – Do you need one and should you get one?

The good, the bad, and everything else you need to know when considering hiring a financial advisor.


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


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 network.


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.