Collapse Of Pension Fund Saddens Councillors

Monday, March 18, 2013

MASUNGA: North East District council (NEDC) councillors have slammed Botswana Association of Local Authority (BALA) for the collapse of the Metropolitan Funeral and Investment Scheme which has left them financially depleted.

Giving feedback to the councillors, BALA Executive Secretary Ketlhomilwe Moletsane, said at a Special Full Council meeting in Masunga on Friday, that among all the 16 councils in the country, NED has the highest number of councillors, at 25, who had joined the scheme.

"When the insurance policy for councillors was introduced, we had a target of 604 councillors nationwide but only 434 councillors were covered by Metropolitan," he said.

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Collapse Of Pension Fund Saddens Councillors

MASUNGA: North East District council (NEDC) councillors have slammed Botswana Association of Local Authority (BALA) for the collapse of the Metropolitan Funeral and Investment Scheme which has left them financially depleted.