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FF Plus seeks redress for Transnet pensioners


The Freedom Front Plus says it has sent legal letters to Transnet for information about its two pension funds.

Spokesperson, Anton Alberts says the party is seeking the minutes of all meetings held since 1994, as well as all financial statements.

Transnet has two pension funds: the Transnet Pension Fund and the Transnet Second Defined Benefit Pension Fund.

These were created in 2000 from a predecessor fund with a history of financial hardship. Since their inception, the pension funds had increased benefits by just two percent per year, well below the inflation rate.

Alberts says over the years many pensioners had fallen into poverty as a result of the low increases.

He says many pensioners have been left destitute, as some are receiving only R1 a month after deductions.