President Cyril Ramaphosa signs two-pot retirement system into law

President Cyril Ramaphosa has announced today that the Pension Funds Amendment Bill has been signed into law, making the two-pot retirement system now official. The amendment resulted from ‘pressure from the trade union movement’, will allow fund members to withdraw a part of their pension fund savings before retirement, as reported by News24. Also read: Ramaphosa enacts two-pot retirement system … Continue reading President Cyril Ramaphosa signs two-pot retirement system into law