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

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South Africa Headlines News

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.

Source: News Formal (newsformal.com)

 

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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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