Cosatu criticises the extension of the retirement fund reforms - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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

United States News News

United States United States Latest News,United States United States Headlines

Labour federation, Cosatu, and some South Africans have criticised the extension of the retirement fund reforms. Fund contributors will now have to wait until March 2024 to withdraw a third of their retirement fund contributions.

Image: Twitter: @KatlegoLegodi_. The new guidelines were announced last week.

The reforms propose that workers can withdraw a third of their retirement funds with an upper limit of R25 000 a year. The remainder can only be accessed upon retirement. This scheme will benefit both the private and public sector.“I don’t think they should postpone it because we should be able to get a portion of our money now. At the end of the day, everyone has their own struggles so that we should benefit and the family. So, I think they should not postpone it,” says one worker.

“I think this thing of the government delaying the pension, I think it’s not right because we are coming from the COVID and as we are coming from the COVID, most of the people lost their jobs. When we get a portion of our pension fund it will help us a lot,” says another work.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01

Because it has been looted!!!!!!! Expecting contributors to wait on their hard-earned funds is theft & fraud. And what % of the retired were force Jâbbêd? 💉☠️= No 💵💵 to pay out! (Same applies to Pensioners!) CONvenient? ArrestRamaphosa DissolveParliament

It doesn't matter because cosatu shares a bed with anc so whether they complain or not it makes no difference but workers on the ground suffers

I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.

This useless COSATU of yours has become so very weak and irrelevant, I feel very sorry for its poor members.

Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn R130,000 now am financially stable.

Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable.

I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you

I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Samantha_M078 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with her

United States United States Latest News, United States United States Headlines