KZN Finance MEC Rodgers Sounds Alarm: Municipalities Urged to Settle Pension Fund Arrears
2025-01-15
MSN
The Okhahlamba Local Municipality in northern KZN has come under scrutiny for its outstanding pension fund contributions, which allegedly exceeded R11.4 million as of December 2024. This has prompted KZN Finance MEC Rodgers to issue a stern warning to municipalities to settle their pension fund arrears. The issue highlights the importance of responsible financial management and the need for municipalities to prioritise their financial obligations, including pension fund contributions, to avoid potential legal and financial repercussions. With pension fund management being a critical aspect of public finance, municipalities must take immediate action to address these arrears and ensure compliance with regulatory requirements.
