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.

July 21, 2024
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