Loss-of-Office Gratuity

Loss-of-Office Gratuity (paid separately – not a Fund benefit)

Over and above the Fund benefit as described above, all members who have served for more than one term in office (or more than five years, if your service started in between two Elections) also receive an additional gratuity amount. This additional benefit falls outside the Rules of the Fund – it is an amount paid to you by Parliament or the Provincial Legislature when your term of office ends.

All members who qualify for this benefit will receive a gratuity of four months pensionable salary for every five years of service. (This calculation is based on your actual monthly pensionable salary as earned at the time you leave office – not your “revalued pensionable salary”.)

The Trustees have no responsibility for this gratuity - it is provided in terms of a Presidential Proclamation following a recommendation by the Independent Commission for the Remuneration of Public Office-Bearers.  We understand that this gratuity may fall away at some future point.