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Cosatu confident Parliament will pass the Two Pot Pension Reforms bills without delays

VAAL TRIANGLE - Cosatu says reports predicting delays in Parliament passing the Two Pot Pension Reforms legislation are inaccurate. The Two-Pot Retirement System will allow retirement fund members to withdraw up to R30,000 of their retirement fund capital initially, with access to one-third of future contributions each year. Cosatu’s, Matthew Parks, says they are confident that Parliament will pass the Revenue Laws Amendment Bill and the Pension Fund Amendment Bill, which provide for the Two-Pot Pension Reforms, before the elections.

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