Government pension plan revolt could cause cash crunch
GEPF warns of a temporary liquidity crisis if public servants resign en masse to cash out their pension funds
07 August 2022 - 07:16
The Government Employees Pension Fund (GEPF) has warned of a temporary liquidity crisis if public servants resign en masse to cash out their pension funds.
Labour federation Cosatu argues that draft pension fund reform legislation released by the Treasury this week is inadequate and could trigger a resignation rush by public servants who were hoping to be allowed immediate access to a portion of their retirement savings. ..
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