By Cindy Witten
04 November 2008
Today the Federation of Unions of South Africa (FEDUSA) met with Finance Minister Trevor Manuel. Members of the FEDUSA National Executive Committee were in attendance as well as National Office-Bearers.
One of the topics on the agenda, put forward by FEDUSA regards the concern FEDUSA faces relating to the current process of Social Security and Retirement Reform. Manuel agreed that it is a cause for concern, but blamed it on the unexpected complications that “slowed down the process”.
“The item (the current process of Social Security and Retirement Reform) was discussed and it was tabled there. So what must happen now, is that the social partners and for government, business and for labour to set out a schedule for this discussion and the time frames, so that we can finalise it and sort it out from there,” said FEDUSA’s Dennis George.
Manuel also commended FEDUSA for stopping the process whereby brokers advise their clients to cash out their money based on the scare tactic that all pension funds would be nationalised.
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