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      Concern regarding the "Debt" created by Rule 14.10.9 of the Government Employees' Pension Fund rules

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          Abstract

          This paper highlights the prejudicial effect of the rule within the rules of the Government Employees Pension Fund (GEPF), which allows this fund to create a "divorce debt" for its member when the court has ordered that part of such a member's pension interest be paid over to his or her spouse. I argue that this debt is in fact a loan which is provided to the member, which he or she would be expected to pay when he or she exits the fund, with interest. This is despite the fact that the rules of the GEPF do not permit the granting of loans to its members. I argue that the creation of such a loan has the effect of diminishing the GEPF's member's benefits, and thus threaten his or her social security, and can lead to the member becoming unable to provide for himself or herself when he or she reaches retirement age.

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          Most cited references15

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          "Government Employees Pension Fund: Payment to Member Spouse on Divorce

          L Nevondwe (2012)
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            Protection and enforcement of the right to social security

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              "Adjudicating insurance and Pension products under the South African Pension Funds Act 24 of 1956"

              M Mhango (2014)
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                Author and article information

                Contributors
                Role: ND
                Journal
                pelj
                PER: Potchefstroomse Elektroniese Regsblad
                PER
                Publication of North-West University (Potchefstroom Campus) (Potchefstroom, North-West Province, South Africa )
                1727-3781
                2016
                : 19
                : 1
                : 1-18
                Affiliations
                [01] orgnameUniversity of the Witwatersrand South Africa Clement.Marumoagae@ 123456wits.ac.za
                Article
                S1727-37812016000100004
                10.17159/1727-3781/2016/v19i0a741
                43afa579-f536-43fc-b0d7-8b29c1ec4958

                This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

                History
                Page count
                Figures: 0, Tables: 0, Equations: 0, References: 14, Pages: 18
                Product

                SciELO South Africa


                Government Employees Pension Fund,Divorce Debt,Pension Interest,Social Security

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