'Two-pot system will expose employers who defaulted on contributions' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Two-Pot Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The two-pot system will show discrepancies between funds expected and those available to withdraw.

The Pension Fund Adjudicator , Muvhango Lukhaimane says that the introduction of the two-pot retirement system will expose the extent of employers’ failure to pay their employees’ contributions to pension fund schemes.Lukhaimane says her office is bracing for a possible surge in complaints due to discrepancies.

“Complaints have settled at about 82% for employers failing to pay contributions. Sometimes a person comes wanting to withdraw their benefits, maybe they’ve resigned, or they’ve retired, only to discover at that point that the employer was not paying contributions.” “So, what is going to happen with the two-pot system is that, because people now are able to claim while still in employment, most employees are going to find out at least much earlier that their employers have been defaulting on payment of contributions,” she adds. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 37. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Team SA wins two more medals at Paralympics - SABC News - Breaking news, special reports, world, business,Team South Africa has doubled its medal haul on day seven of the 2024 Paris Paralympic Games.
La source: SABCNews - 🏆 37. / 51 Lire la suite »