The fund proposal — the full name of which is the Green Paper on Comprehensive Social Security and Retirement Reform (2021) — was published on August 18.
A plan to make every worker contribute to a government-run fund has been withdrawn after fierce criticism.Social development minister Lindiwe Zulu has withdrawn a controversial social security plan that included aThe fund proposal — the full name of which is the Green Paper on Comprehensive Social Security and Retirement Reform — was published on August 18.
It sets out that contributions will be between 8% and 12% of earnings, up to the current Unemployment Insurance Fund ceiling of R276,000 a year.But in a gazette published on Tuesday, Zulu confirmed that the green paper had been withdrawn. No reasons were provided.
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