No early access to pension savings before 2022

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No early access to pension savings before 2022
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Treasury says no early access to pension savings before 2022 and the R1.9-trillion Government Employees Pension Fund will be excluded

Workers in financial distress who hope for early access to a portion of their retirement savings while still employed will not be able to do so until at least 2022, the Treasury said.

In a statement on Wednesday that sought to clarify a proposal to allow partial pre-retirement access to pensions during emergencies or extraordinary circumstances, the government also said SA’s largest pension pool, the R1.9-trillion Government Employees Pension Fund , will be excluded from the proposal...

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