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Tuesday, 28 September 2010 00:00

PRESS RELEASE

SACTWU PAYS OUT R19 MILLION IN RETIREMENT AND FUNERAL PAYOUTS TO MEMBERS


The 11th National Congress of the Southern African Clothing & Textile Workers’ Union(SACTWU) has heard that the union has paid out R19.1 million in funeral and retirement fund benefits to its members and their dependants, over the 3-year period 1 July 2007 to end June 2010, since the union’s previous Congress held in August 2007.  In addition, the union administers a supplementary sick fund for its leather sector members, for which almost R600 000 in payouts were made.

Over 11 000 funeral- and almost 1 700 retirement payouts were made by the union’s 21 offices throughout the country.  The amount of funeral, retirement and sick fund benefits claims processed by the organisation over the Congress’ 3-year review period (July 2007 – June 2010) was a staggering 14 177. In each instance, a claim was lodged, verified, and paid out with supporting documentation retained in each step.

SACTWU’s benefits scheme is self-administered, making it one of the few schemes not administered by an outside insurance company. It is an important component of the union’s broader social welfare program.

Go to http://www.sactwu.org.za/events/national-congress and search the ‘documents’ section for more details.

Issued by
Andre Kriel
SACTWU
General Secretary

If further comment is required, kindly contact Fachmy Abrahams, Co-ordinator in the Office of the General Secretary,  on 021 4474570.