Denel pays salaries – but leaves out pensions

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Staff at state-owned arms manufacturer Denel learned on Tuesday that the company has paid their salaries, but not their pension contributions.

In a letter sent out by the “Denel retirement fund”, the fund said workers would not be able to claim benefits as monthly payments were not up to date.

It read: “Section 13A of the Pension Funds Act is unambiguous in that any employer must effect payment of members’ contributions to the fund before the 7th day of the month following the month for which it is due.” 

The letter sent to staff, which TimesLIVE has seen, said: “The fund will NOT be able to process or effect payment of members’ benefits, which include death in service and medical disability benefits, resignation benefits,  investment return updates and any other benefits payable.”

It also said it would charge Denel interest on late payments.





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