POPCRU concerned over unexplained pension fund values reduction
Update: 2025-10-15
Description
The Police and Prisons Civil Rights Union, POPCRU, has raised concern over unexplained reductions in pension fund values reported by its members in recent statements from the Government Employees Pension Fund. POPCRU says these changes were made without consultation or clear explanation. The GEPF attributes the reductions to actuarial projections, but POPCRU argues these should not affect existing balances and questions the decision's legitimacy and governance. The union is demanding full disclosure from the GEPF Board and the Government Pensions Administration Agency on who authorised the adjustments. Elvis Presslin spoke to POPCRU Spokesperson, Richard Mamabolo
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