The finance minister will table a bill in November to allow struggling or highly-indebted workers to have access to up to a third of their pension funds by next year.
Ntshalintshali said final details were being engaged upon to achieve consensus.
In terms of the proposal, there will also be a later bill where workers will have access to one third of their pensions in a savings pot, and it is hoped that this may encourage more savings – with the knowledge it will be accessible when there is a need. The federation continues to be highly critical of Treasury, accusing the department of disrespecting ANC resolutions taken at its conference in 2017.
Cosatu also believes there are attempts to water down the mandate to review monetary policy, and to open-endedly delay the implementation of the National Health Insurance.
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