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IOL Business reports that the government has announced a new Early Retirement Programme (ERP) and Voluntary Exit Programme (VEP) for public service employees.
Applications for the 2025/2026 ERP and VEP opened on 15 October 2025 and will close on 30 November 2025. According to the Department of Public Service and Administration (DPSA), the programmes target employees aged 55 to 63, offering financial incentives and, for certain age groups, early retirement without pension penalties. The notice indicated that employees aged 60 to 63 who chose the VEP would receive a financial incentive calculated at two weeks’ basic salary per year for the first ten years of pensionable service, and one week per completed year thereafter. It also advised that applications must be submitted to the relevant HR departments and approved by the Executive Authority.
The DPSA noted that the authority to grant early retirement (ER) without pension penalties was vested within the relevant line department Executive Authority (EA), which meant that “every EA has the discretion to approve or decline ERP requests for employees from the age of 55 to 59 years without pension penalties and VEP for employees aged 60 to 63, which are based on reasonable criteria set by the department."
- Read the full original of the report in the above regard by Mthobisi Nozulela at IOL Business
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