National Treasury yet to assess how social security fund will affect taxpayer, says finance minister

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An impact analysis on how the proposed social security fund will affect taxpayers has not yet been conducted, says Finance Minister Enoch Godongwana. socialsecurityfund financeminister taxpayers

Comprehensive social security and retirement reform proposal withdrawn – but that’s not the end of it

“The NSSF is one policy option toward this long-term aspirational objective. For the short- to medium-term, National Treasury has been focusing on retirement reforms to improve coverage, reduce costs, consolidate the number of funds drastically to under 50 or even 10, and to promote greater preservation,” Godongwana said.

 

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