National Treasure Release
Government’s proposed retirement reforms, including those relating to preservation of savings, are aimed at ensuring that pension fund members are better protected and can retire comfortably.
Retirement reform is a process whereby government, through policies,seeks to:
- Encourage employees to save and provide adequately for retirement to ensure that they retire comfortably and have income that lasts for their lives in retirement.
- Encourage employers to provide retirement saving plansto their employees as part of the employment contract.