Johannesburg - A discussion document on “comprehensive” social security has finally been tabled at Nedlac – the consensus-seeking body comprising government, business, labour and civil society – more than four years after it was initially drafted.
Now the social partners are being given less than a year to agree on a fundamental reform to the entire public and private retirement system.
According to Zane Dangor, director-general of the department of social development, the “core proposal” is for the creation of a National Social Security Fund (NSSF) – a universal state pension fund to which all employed South Africans will contribute.