By Amy Musgrave –
Johannesburg – Calls for a moratorium on changes to retirement savings are growing, with NGOs now demanding action from the government.
Labour made the demands in August already. Both it and the NGOs, who are represented by the community constituency in the National Economic, Development and Labour Council (Nedlac), do not want the government’s proposals to be implemented in March next year.
Tens of thousands of workers have been resigning from their jobs to cash in their pensions. They believe the proposals being punted by Treasury will result in the government “nationalising” their money because they will not have easy access to their future savings after March.
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