DSD Withdraws Green Paper Social Security Plan
Written by Mfundo on 2 September, 2021
By: Lindelani Mbatha
The DA has applauded the announcement by the Department of Social Development’s decision to withdraw the green paper social security plan that included a proposal that workers pay up to 12% of their earnings towards a government-run fund.
The department confirmed that the green paper had been withdrawn, however no reasons were provided.
The fund proposal, which is the Green Paper on Comprehensive Social Security and Retirement Reform was published on August 18. It sets out that contributions will be between 8% and 12% of earnings, up to the current Unemployment Insurance Fund ceiling of R276, 000 a year.
Unions were among those to have slammed the proposal.
DA Shadow Minister of Finance Geordin Hill-Lewis elaborates.
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