THE FACTS
THEMBA Ngoya from Vryburg, North West has been struggling to get his money from the Private Security Sector Provident Fund since 2014.
In 2016, he took the matter to the pension fund adjudicator and was issued with a determination. But according to Themba, the fund didn’t honour it.
He went to an attorney who failed to resolve the matter. Themba’s new employer told him he wouldn’t be able to claim from their fund because he was still a member of the previous one. They told him contributions from both companies would be combined.
WHAT I DID
I spoke to SCORPION LEGAL PROTECTION SERVICES
SOLUTION
In some sectors, pension fund rules state that members who resign must wait two years before they receive a payout.
However, if they find employment in the same sector, their benefits are transferred instead of being withdrawn.
This means Themba’s money will remain in the fund and continue to grow until he resigns, leaves the industry or retires.
Since Themba went to an adjudicator, his attorney should have enforced the determination. Themba needs to find out what the dispute was about.
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