Cosatu asks for workers to access retirement funds

Cosatu wants the government to double the COVID-19 relief fund aid but its General Secretary Bheki Ntshalintshali denies reports that the matter was deliberated at the Nedlac meeting with President Cyril Ramaphosa. Courtesy of #DStv403

JOHANNESBURG - Cosatu has submitted an urgent request to Finance Minister Tito Mboweni to allow workers to access a portion of their retirement funds.

READ: Calls for government to double relief fund

The trade union federation says this can be used as an income replacement for its members.

The union body's request is contained in a formal letter sent to the minister.

Cosatu says many of its members aren't receiving an income due to the lockdown and accessing this money is critical to their wellbeing.

It says the relief can be limited to no more than the equivalent of six months pay.

Source
eNCA