South Africa proposes a mandatory pension system

Minister of Social Development, Lindiwe Zulu, has published a Green Paper on comprehensive social security and retirement reform for public comment. It includes a mandatory pension and insurance system among the proposals. Read also Warning over major retirement change for South Africa The department said that the absence of a statutory arrangement providing pensions and insurance is the most obvious gap in South Africa’s social security system. Read also European Union: Putting A “PEPP” In The Step Of European Pension Providers? “Such an arrangement...