The true cost of cashing in your retirement fund | Citypress

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Have you heard of the term Sdudla? Maya Fisher-French recently came across it in relation to members of the GEPF, specifically members who are teachers and nurses. This is the practice of resigning from your post to access your pension fund.

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Y are u spreading hogwash? do u even know that annuity income or pensioners cannot touch 2/3 of that money? only 1/3 is paid to the person the rest by law must go into annuity income. Id rather resign and invest myself without red tape taking control of MY money 😏

Really what are you expecting because our government is chawing money like no bodies business yet no wage increase yet employees are under stress benefits cut day in day out I foresee 13th cheque also cut to bail out SAA Eskom Prassa and others

Ngamanga wodwa lana

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A rampant practice, thedpsa SadtuNational DENOSAORG often driven by circumstances This is aided and abetted by being deployed to the third tier of Government where the cycle starts again in the Municipal Pension fund. Others come back into the system ss expensive consultants

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