HON MB GWALA MPL
KZN LEGISLATURE, 21 NOVEMBER 2017
The IFP understands that the aim of this Bill is to replace racially discriminatory Natal Ordinances that have become obsolete with the commencement of the democratic dispensation on 27 April 1994 and to ensure that all race-based references and that all forms of differentiation between the Natal Joint Municipal Pension Fund (Superannuation) and the Natal Joint Municipal Pension Fund (Retirement) regarding the categories of beneficiaries and their dependants are removed.
The IFP always supports any initiative/s aimed at eradicating the scourge of racial discrimination among the citizens of this country. Although we welcome this Bill but the IFP would like to raise its discontent about financial and other implications for municipalities as it has been stated that associated municipalities’ monthly contributions will, from the commencement date of the Act onwards, will be increased to ensure that the KwaZulu-Natal Joint Municipal Pension Fund (Retirement) will be able to meet its obligations to all members.
Furthermore, we have noted that the MEC may appoint an independent auditor and independent actuary in order to provide independent information that will assist in the full implementation of the provision of this Bill. We believe that this will also have a negative impact financially in outsourcing these services.
Therefore, the IFP supports this Bill
I thank You