In the February 2019 Budget Speech, Finance Minister Tito Mboweni gave details of government’s measures to reduce the public sector wage bill and counter the sluggish economy’s effect on public finances. One of these measures is to allow public servants between the ages of 55 and 59 years to take early retirement, without any negative impact on their pension benefits.
The offer is available from 1 April 2019 until 30 September 2019 and it is estimated that a maximum of 30 000 public sector employees will be considered, provided they meet the criteria of age and other criteria set by […]
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