Cosatu has submitted an urgent request to finance minister Tito Mboweni to issue an emergency directive allowing employed workers who are members of retirement funds to access a part of their savings on a one-off basis to supplement Covid-19 Temporary Employer-Employee Relief Scheme (Ters) benefits.

Ordinarily, such a measure would have required a change in legislation as the minister is not empowered to tamper with retirement benefits. But because the country is under a state of disaster such interventions could be made possible through the gazetting of regulations, the union’s general secretary Bheki Ntshalintshali said on Monday.

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