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10 December 2021 | Story Lacea Loader

The Council of the University of the Free State (UFS) approved the retirement age of all staff members to 65 this week. 

“The current retirement age for staff members of the UFS is 65 years for those appointed prior to 1 June 1998, and 60 years for those appointed after 1 June 1998. The Council’s decision to amend the retirement age to 65 comes after an extensive benchmarking process involving the university’s two labour unions, NEHAWU and UVPERSU, which requested that the retirement age of all staff members be adjusted to 65,” said Prof Francis Petesen, UFS Rector and Vice-Chancellor.

 This amendment brings the university in line with other universities and will assist in overcoming a negative impact on the recruitment and attraction of high-calibre academic and specialist staff.

 Parallel to the amendment of the retirement age in the Conditions of Services, the university is also adapting the allocation of vacation leave. “We are currently facing a challenge in terms of the provision of the staff leave liability, which has a major financial implication for the UFS. In consultation with stakeholder unions the accumulation of vacation leave has been adjusted to a maximum of five days per year,” said Prof Petersen.

 The new retirement age to 65 and the adjusted accumulated vacation leave days will be affected from 1 January 2022. Staff who are set to retire on 31 December 2021 may opt to continue to the age 65. This amendment will not apply to staff that may have already retired.

Adjusted vacation as from 1 January 2022:

Academic staff:

Current number of vacation days: 42 
Approved Leave Days
Number of vacation days: 30
Additional research leave days: 12 (non-cumulative and expires at the end of each calendar year)

Support staff:

Deputy Director and higher levels
Peromnes Level: 1 – 6
Current number of leave vacation days: 36
Approved number of vacation days: 30

Assistant Director to Officer
Peromnes Level: 7 – 14
Current number of leave vacation days: 30 - 28
Approved number of vacation days: 28

Service Workers 
Peromnes Level: 15 - 18
Current number of leave vacation days: 24
Approved number of vacation days: 24

 

News Archive

Largest group of financial planners ever to graduate from UFS
2013-06-14

Stuart James Milroy and Gerda Grobler
Photo: Stephen Collett
14 June 2013

During this year’s graduation, the Centre for Financial Planning Law (CFPL) conferred the most diplomas ever for this sector at a graduation ceremony. Five hundred and ninety four students received diplomas (543 postgraduate diplomas in Financial Planning and 51 advanced postgraduate diplomas in Financial Planning).

Top student for the postgraduate diploma in Financial Planning, was Gerda Grobler. For the advanced postgraduate diploma in Financial Planning, Stuart James Milroy received the honour as top achiever. Other top achievers for modules in the advanced postgraduate diploma were L Phillips, RC Claassen, SJ Milroy and L Wilkinson. G Grobler, TT Baxter, KR Smit and E du Rand were the top achievers for modules in the postgraduate diploma in Financial Planning.

For five years, the University of the Free State was the only institution that offered a full qualification to become a certified financial planner. The university is still the largest institution in this field. The Centre for Financial Planning Law (CFPL) at the UFS is also the only institution in South Africa offering the advanced postgraduate diploma in Financial Planning as a purely specialist diploma.

To date, the CFPL at the UFS has awarded 4 200 postgraduate diplomas and 710 advanced postgraduate diplomas in Financial Planning.

Donors who made this event possible, include:

  • Alexander Forbes
  • Old Mutual
  • Liberty
  • Acsis
  • Momentum
  • LexisNexis
  • Galileo Capital
  • PSG
  • ABSA Bank

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