Cosatu wants urgent discussions with Treasury over changes to two-pot system
One of its four proposals is to allow members to transfer up to a third of their vested savings to their savings component.
One of its four proposals is to allow members to transfer up to a third of their vested savings to their savings component.
The Pension Bill will prohibit members from making a withdrawal from the savings component if the withdrawal results in insufficient funds remaining to settle a court order.
All stakeholders emphasise the need to finalise the amendments to the Income Tax Act and the Pension Funds Act.
There are hints the president may decide not to sign the legislation into law in its current form.