How will your death benefits be distributed when you die? Be sure to make a will capetalk.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capetalk.co.za Daily Mail and Mail on Sunday newspapers.
Your retirement benefits are separate from your estate and are not covered by a will iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
The Federation of Unions of South Africa (FEDUSA) is deeply shocked and concerned by the exclusion of public servants from planned partial withdrawal from retirement savings. This follows National Treasury announcement on Thursday that only workers registered under the Pension Funds Act will be allowed to make partial withdrawals when relevant legislative amendment have been concluded. This announcement automatically excludes public servants whose retirement savings are governed by the .
In the wake of the Covid-19 pandemic, the need to reduce costs and remove the fiduciary burden on employers standalone pension fund has become apparent.