Judges said the SALGBC collective agreement undermined the statutory obligations of pension funds in the local government sector and obligations imposed on the funds and their trustees by the Pension Funds Act (PFA). Moneyweb PensionFund
In a strange and surprising twist, a successful applicant and the unsuccessful respondents in a high court case have applied to appeal a judgment that declared a South African Local Government Bargaining Council collective agreement unlawful and set aside.
For Imatu members, freedom of association means having the right to transfer from their current retirement funds and join other retirement funds of their choosing, said Adams, adding that the municipal sector is unique in the sense that many different retirement funds operate in the sector. “Imatu entered into the collective agreement with the other SALGBC parties primarily to ensure freedom of association for our members and the protection of their contribution rates,” said Adams.
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