Philani Mthembu

Induna yomaHlalela abasebenzayo.

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata That formula is used to calculate the amount you are getting per month for the rest of your life after retirement. Imagine you were earning 50k and you you have only 10yrs of service, you are gonna be paid 9k every month in your pension😭😭😭

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata Nah man this is for the actual retirement😂😂😂

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata Yeah the formula does not distinguish this is your contribution over the years and this was the employers benefit. Meaning your benefit can be more or less of your total contributions combined with the employers

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata Yeah because of the formula but if this formula did not include employer contributions ot would be even way less thn the 6mil. Now its affected by the fact he wont be a servant of the state for the years left of his service due to this discharge

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata I am not sure whether you are refering to the monthly contributions. However, Gov contributes 13% of your pensionable income to the fund they add it with your contribution and determine your accumulated pension

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata Yeah I get you but the first comment made it sound as though you forfeit the employer contribution. The formula does not take away the whole contribution from the employer. Yes its less thn when you retire but it includes the contributions from both u and state

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata They treat a discharge like a resignation. Your accumulated monies are used to calculate overall benefit (urs+employer). Gepf rules cant split your accumulated monies when paying out. They use the overall and apply the formula. So amounts paid are urs+employer but formula applies

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata Khabazela, he wont lose the employer contributions as when you are discharged/resignd they calculate ur benefits as a % of what has been accumulated using that formula. You cant separate ur contributions to that of employer as they are grouped in one pot to calculate your benefit

[Philani Mthembu @_Sheriff101]

@LungeloN_Zulu They were thinking about their payment and that they will be protected

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata GEPF is a defined-benefit fund. Your benefit is determined by a formula.
The employer contributions help fund the overall pension fund, but they are not allocated to you as a separate amount that you can automatically claim when you are discharged

[Philani Mthembu @_Sheriff101]

@NdakaSisip33956 @Mramatla_ I think that is a long short because he is not involved in procurement or sit in any committee that would defraud the department. His involvement is assisting his crooked friends with inside information on cases.

[Philani Mthembu @_Sheriff101]

@Sunflowerreal Lento ihamba nesibongo

[Philani Mthembu @_Sheriff101]

@Mkhize_vela @NozaMbata Contributions are not separated. They do receive state contribution as well

[Philani Mthembu @_Sheriff101]

@NozaMbata @Mramatla_ Rule 14.4.1 covers those who resign, or is discharged because of misconduct, or ill-health caused by their own actions or for a reason not otherwise covered by the rules. He is not charged of defrauding SAPS

[Philani Mthembu @_Sheriff101]

@Sunflowerreal I withdraw Commissioner😭

[Philani Mthembu @_Sheriff101]

@Mametjathobilee PhalaPhala

[Philani Mthembu @_Sheriff101]

@EmmiieTLO Pay debt

[Philani Mthembu @_Sheriff101]

@Tumsa_Eksel We couldnt score against an unknown country even create a scoring chance when we were 12 in the field😭