Ex-BCL Workers Get 25% From AON Pension Fund

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SELEBI-PHIKWE: Botswana Mine Workers Union (BMWU) has been successful in their bid to have their now unemployed members access part of their remaining deferred balances with AON pension fund.

The ex-employees’ benefits have since been transferred into a preservation fund and according to AON officials, who addressed them this week, the former mineworkers are allowed to withdraw an additional 25% if they are still unemployed after 12 months of retrenchment.

The 25% is in addition to the 33% they were entitled to upon retrenchment. Ex-employees through their union have been pursuing possibilities of them accessing the deferred remaining balances after the 33% commutation last March. 

Editor's Comment
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