South Africa
Cosatu asks for workers to access retirment funds─── 11:52 Mon, 25 May 2020
Cosatu has submitted an urgent request to Finance Minister Tito Mboweni to allow workers to access a portion of their retirement funds.
The trade union federation says this can be used as an income replacement for its members.
The union body's request is contained in a formal letter sent to the minister.
Cosatu says many of its members aren't receiving an income due to the lockdown and accessing this money is critical to their well-being.
It says the relief can be limited to no more than the equivalent of six months pay.
COSATU files urgent request for a Treasury Directive to allow Special Emergency #COVID19 access to Retirement Fund withdrawal benefits for workers @TreasuryRSA @Fin24 @busrep @BUSINESS @cnbcafrica @Newzroom405 @Powerfm987 @Radio2000ZA @eNCA @ewnupdates @SA_Labour_News @SAfmRadio pic.twitter.com/z5wFmeF9PJ
— @COSATU Today (@_cosatu) May 24, 2020
