News / National
Kasukuwere rejects Vic Falls treasurer's $300 000 exit package
10 Oct 2016 at 06:25hrs |
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Local Government minister Saviour Kasukuwere has ordered Victoria Falls Municipality to cancel plans to pay out a $300 000 golden handshake to outgoing treasurer, Thembinkosi Khumalo.
Kasukuwere described the council's plans to pay $269 496,82 as Khumalo's retirement package as outrageous.
According to the policy, council was compelled to pay those who have served five to 10 years, 15% of their yearly basic salary multiplied by the number of years served.
Those who retire after serving between 11 and 20 years get 20% of the same, while 25% was paid to employees who would have served for over 21 years.
Source - Southern Eye
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