State proposes mandatory pension and insurance savings in new social security fund

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Reforms could see employers and workers paying up to 12% of their earnings into a state-run social security fund

The government wants to introduce a mandatory pension and insurance system that will see employers and employees paying up to 12% of their earnings into a state-run national social security fund .

Social development minister Lindiwe Zulu on Wednesday published a green paper on a comprehensive social security and retirement reform that aims to improve access, coverage, administrative efficiency, delivery and transparency of a social security system...If you have already registered or subscribed, please sign in to continue.

 

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Anything with the term 'comprehensive' in politics is a sign to loot our monies I said it and still say it again. High taxes undermines families and businesses

VoetsekANC

Not giving an extra cent to CyrilRamaphosa and his bunch of looters. voetsekANC!

No. I want my pension to be in my control, not with a corrupt government who can't handle funds as it is.

No thanks, as a state employee we already have GEPF for that with billions if not trillions. Their message is not clear. We have Sanlam, liberty, Old mutual, Allan Gray and many more. What will they do with those?

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New govt plan wants South Africans to pay 12% of their earnings into state-managed fund | Fin24The Green Paper on Comprehensive Social Security and Retirement Reform proposes the creation of a new National Social Security Fund - a government-managed fund which will provide retirement, disability benefits and unemployment benefits. | Fin24 Fin24 Please support the 'Stop of farm killings in SA', kindly share this video link with family and friends, thank you! Fin24 Cc MagnusHeystek Magda_Wierzycka Fin24 FFS, what next might as well just give up my job
Source: News24 - 🏆 4. / 80 Read more »