LABOUR federation Cosatu and the Public Servants Association are up in arms over National Treasury’s statement that members of the Government Employees Pension Fund (GEPF) will be excluded from new rules enabling pre-retirement withdrawals.
Cosatu said it was deeply concerned by the ‘outrageous’ decision because nobody on the government’s payroll has had a salary reduction or been forced to work shorter hours due to the COVID-19 pandemic.
Cosatu wants to meet with Finance Minister Enoch Godongwana and National Treasury to address its concerns and ensure all workers can access a portion of their pensions.
Among others, Cosatu says this is to ensure that a Bill is tabled at Parliament by the end of 2021 to allow all workers to access a portion their pensions.
If this is not expeditiously done, the current unsustainable rate of over indebtedness will push the workers and the economy over the edge, said Cosatu.
According
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