COSATU should continue to support the private member’s bill to allow workers to access a portion of their pension funds, says the federation’s general secretary Bheki Ntshalintshali, adding that the final details are being engaged upon to achieve general consensus.
Ntshalintshali was reporting back to members of the COSATU central committee during the federation’s four-day meeting this week and said the federation’s proposal was already before Parliament.
“A bill will be tabled with the November 2021 MTBPS to provide immediate relief for such workers in 2022,” he stated in the secretariat report.
In terms of the proposal, there will also be a later bill where workers will have access to one third of their pensions in a savings pot, and it is hoped that this may encourage more savings – with the knowledge it will be accessible when there is a need.
”The other two thirds will be in
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