The bill would have allowed the financially distressed access to a portion of their pension funds
Parliament’s finance committee has rejected as undesirable a proposed DA bill that would have allowed pension fund members to take out loans against a guarantee of a portion of their pension fund assets.
The rejection comes as the Treasury moves towards the publication of a paper on pension fund reform, which is expected to be released next week for public comment. This is in line with the undertaking given by finance minister Enoch Godongwana in his medium-term budget policy statement in November. The minister said a discussion document on the details of the reform proposal would be published shortly to obtain inputs before further announcements are made in the 2022 budget...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MPs hail ‘encouraging’ IT progress by home affairsThe department in collaboration with Sita, is implementing plans to improve IT systems, which will reduce downtime at home affairs offices
Read more »
YACOOB ABBA OMAR: ANC should really start becoming a political partyRobust in its self-criticism, it still views problems from the straitjacket of a national liberation movement, writes Yacoob Abba Omar
Read more »
GARETH VAN ONSELEN: The ANC is an ancient party lost in a modern worldThe ANC has forgotten how to lead and, importantly, it has forgotten too how to talk about leadership
Read more »
NPA challenges decision by judge John Hlophe to acquit corruption-accused ANC MP, Bongani BongoThe National Prosecuting Authority has challenged the decision made by Western Cape judge president John Hlophe to acquit ANC MP Bongani Bongo on a charge of corruption.
Read more »
ANC pulls out of Kannaland coalitionThe ANC has pulled out of its coalition agreement with the Independent Civic Organisation of SA (Icosa) in Kannaland, Western Cape and will instead occupy the opposition benches in the municipality.
Read more »
NPA challenges decision by judge John Hlophe to acquit corruption-accused ANC MP, Bongani BongoThe National Prosecuting Authority has challenged the decision made by Western Cape judge president John Hlophe to acquit ANC MP Bongani Bongo on a charge of corruption.
Read more »