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South African President Cyril Ramaphosa signs the Pension Funds Amendment Bill, enabling a two-pot retirement system from 1 September 2024.
South African President Cyril Ramaphosa signs the Pension Funds Amendment Bill into law, enabling the implementation of a two-pot retirement system.
The system combines savings, retirement, and vested components, introducing a savings withdrawal benefit.
Pension funds must adjust their rules and investment portfolios in preparation for members to access portions of their funds from 1 September 2024.
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El presidente sudafricano, Cyril Ramaphosa, firma el proyecto de ley de enmienda de los fondos de pensiones, que permite un sistema de jubilación de dos fondos a partir del 1 de septiembre de 2024.