Transnet pensioners back pay, 7 The back-pay portion for the pensionable salary and cash component for employees on grade level G and the back-pay for the basic salary for employees on grade levels H to L, in respect of the period April and May 2025, will be paid on 27 June 2025. The committee wanted a five-month pension payback, future pension increases to be pegged at 75% of the CPI and also a once off 3. Dec 3, 2025 · Two former Transnet executives lose pensions & luxury properties in order to pay back looted millions: The Special Investigating Unit (SIU) recently announced that it had secured settlement agreements with two former Transnet executives, amounting to at least R31. Jan 23, 2026 · Indaba August 2025 is now available! Feb 17, 2025 · Two former Transnet managers and their spouses have reached settlement agreements with the Special Investigating Unit and will have to pay back millions of rand they owe to Transnet for The committee has since tabled proposals to the stakeholders in order to have the matter sorted out to the benefit of the pensioners. Oct 31, 2025 · The pensioners’ claim is based on a promise made to them in 1989 that they would receive the same pension benefits under a commercial entity‚ Transnet‚ as they did under the state entity that had employed them until then‚ the South African Transport Services (SATS)‚ and its two pension funds. The Transnet Second Defined Benefit Fund Board of Trustees with the approval of Transnet SOC have agreed to pay a fixed bonus of R7 500 to each TSDBF pensioner for the 2025-year end period. Jul 28, 2020 · The Transnet pensioners who were wronged as far back as 2004 have at last achieved some redress. At least, those who are still alive have. This across-the-board offer includes increase to basic salary and related components (13th cheque and pension fund contribution), medical aid subsidy and housing allowance. an allegation that Transnet took over its predecessors’ obligation to pay an amount into the old pension funds (these are the funds that were ultimately replaced by the Funds) that were necessary to maintain the old pension funds in a sound financial position; and an alleged unlawful donation made by one of the new pension funds to Transnet.
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