Treasury to table pension system amendments for public comment

Changes to South Africa's pension system are in the making. National Treasury is expected to table amendments before the end of this month for public comment. Cosatu Parliamentary Coordinator Matthew Parks discusses. Courtesy #DStv403 #eNCA

JOHANNESBURG - Cosatu has called National Treasury's proposed amendments to pension funds revolutionary.

Government wants to allow South Africans impacted by COVID-19 to be able to draw one-third of their retirement savings.

READ: Explainer: Early access to retirement savings is a risk

The union has been in discussion with government about the changes expected to be tabled before Parliament in February.

The National Treasurer is expected to table amendments before the end of December for public comment.

Watch the video above for more details on this story

Source
eNCA

Paid Content