When employers can and cannot touch pension savings

Nicola Mawson

An ex-employee recently learnt the hard way that, by defrauding her former employer, she may not only have to face charges but could also lose all the contributions made into her pension fund – including the portion that would have formed part of her cost-to-company earnings. A recent decision by the Pension Funds Adjudicator, Muvhango Lukhaimane, dealt with this sort of issue, with an added wrinkle: the fund can’t willy-nilly withhold the pension payout. Lukhaimane recently ordered that a provident fund that withheld payment of a withdrawal benefit on the basis that the member had allegedly defrauded her former employer had to allow her to place her version of events before it. The employee, as a member of the fund, had filed a complaint with the adjudicator, arguing that the…

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Weekend Argus Saturday (Digital) - 1 Issue, 2025-03-22

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