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RETIREMENT DUE TO THE PRIVATISATION OF A GOVERNMENT AGENCY UNDER SECTION 10(5)(b), 12 AND 12A/13 ACT 227/239 – REFER  SERVICE CIRCULAR NO. 6 OF 2000.

Upon the Government's approval, a pensionable personnel may be retired when a public agency or part of it is privatised.  The retirement is is on voluntary basis made via an option offered that is, either -

• retirement due to the abolition of the office held under Paragraph 10(5)(b) Act 227 / 239 if offer into employment of the privatised entity is refused; or 

• optional retirement under Section 12 Act 227 / 239 as stipulated in Paragraph 15 and agrees to work with the company; or

• retired  after appointment to  work for the company under Section 12A Act 227 or  Section 13 Act 239 if less than 45 years for women and 50 years for men effective from the date of the privatisation and accept to work with the company.  In such case, the option is also given to either choose -
  i.  A Scheme (Subsection 12A(2) / 13(2) Act 227); oru
  ii. B Scheme (Subsection 12A(3) Act 227 or Section 13(3) Acta 239).

• Pension Benefits Due to the Privatisation of a Government Agency

• Forms and Documents for Process Due to the Privatisation of a Government Agency