State proposes mandatory pension and insurance savings in new social security fund
18 August 2021 - 21:24
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 (NSSF).
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...
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