- To
-
Employment and Labour
- From
-
Nana Dlamini
- Subject
- Pension fund or two pots system
- Date
- Oct. 26, 2024, 1:33 a.m.
Dear Portfolio Committee on Employment and Labour,
I will like to express my concerns regarding the two pots system bill. It seems to only carter for individuals with children, they might leave behind should they die before retirement age. And does not carter for individuals who have no children and have immediate financial needs, like buying a home in a safe neighborhood, and have no to leave one to leave these savings behind to. They need to use during their working years due to extra financial burden of being alone and lack of support when changing jobs. Their financial needs are immediate because what a married couple can achieve financially as a unit these individuals cannot.
I hope you really consider this bill and it's implications again.
Future replies will be published here.