UNACCEPTIBLE ANNUAL INCREASE of 2%

Dear EskomPPF. We find it despicable that you can think that it is accep0tible to send your members a communication that says: As a result, after careful consideration and taking into account the long-term financial health of the Fund, the Board announces that a pension increase of 2% was approved and will be applicable to all pensions with effect from 1 January 2020." That is not what pensioners signed up for when they invested their hard earned monies in the pension fund. My father actually also purchased additional benefits! It shown shows you lack of respect for your members.

The courts have already found in the Transnet case that a 2% is an unacceptable and inhumane increase. Do you not get ashamed that you have wasted peoples monies and now want to offer them a 2% increase.