Lancaster Kungoane Attorneys

15/09/2023

12/03/2020

Ignite session at the ACSG Annual Conference at the Hilton!

27/08/2019

The Rules Board for Courts of Law has issued a new proposal that will require South Africans to consider mediation before heading to court.

29/07/2019

We are at the IRFA Annual Conference contributing to ideas on how the future of retirement funding will look.

22/07/2019

Sexual harassment, an expression of violence against women (VAW), received remarkable media attention with the Movement. It was a reminder of the law’s poor track record in curbing workplace…

04/07/2019

GEPF to do away with ‘pension debt’ on divorce

Personal Finance reports that following the recent gazetting of the Government Employees Pension Law Amendment Bill, Government Employees Pension Fund (GEPF) members will no longer be subject to its “debt model” in the case of divorce.

Instead, the GEPF says, the amendment provides for the reduction of pensionable service of the member equal to the value of the divorce settlement amount paid. Until now, a debt accrued to GEPF members when a portion of their pension was paid out by the GEPF in a divorce settlement. This created the perception that members could find themselves owing money to the GEPF when they retired. The amendment now ensures that, where the GEPF must pay out in a divorce settlement, rather than creating a debt, there will be an adjustment to the member’s pensionable service. This means that the benefit paid to the member on retirement will be decreased by reducing the members’ years of pensionable service, to take into account the portion of the member’s pension interest awarded to the spouse on divorce. Members who have more than 10 years of pensionable service will still be entitled to a lump sum and a monthly pension on exiting the fund, but it will be at a reduced value. The GEPF is developing and will be gazetting rules that will govern the implementation of the change. It is expected that the process will be finalised in July and the new rules will come into effect on 1 August.

South African Labour News Reported on: 1 July 2019

29/05/2019

Important hearing taking place tomorrow.

27/03/2019

15/03/2019

Standard Bank will cut around 1,200 jobs and close 91 branches as part of efforts to digitise its retail and business bank, it said on Thursday.

13/03/2019

This is the second innovation of this kind that has been done by major firms. Would this work for the South-African market. Would love to hear your thoughts?

Exclusive: small companies tell the Guardian of the impact of ending ‘Friday fatigue’