'Cosatu's claim that Treasury lied about new pension laws is baseless'
Cosatu’s officials met the ANC and representatives from National Treasury on Monday night.
JOHANNESBURG - The National Treasury says it believes The Congress of South African Trade Union (Cosatu's) claim that it has lied to Parliament about the consultation process over the new pension laws is baseless.
Cosatu this week launched an attack on the treasury and its officials, who coordinated the amendments to the Tax Administration Amendment Bill.
The union says the decision to streamline the laws governing retirement funds and says workers should be allowed to withdraw all the money at once.
But the Treasury disagrees and is backed by Cosatu's rivals, National Council of Trade Unions (Nactu) and The Federation of Unions of South Africa (Fedusa).
Treasury's Deputy Director General in the tax division, Ismail Momoniat, said, "There's been pretty extensive consultation and, of course, there hasn't always been agreement. We've spent a lot of time trying to consult and accommodate concern."