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Cosatu planning big strike over new pension laws

Cosatu submitted a section 77 notice to Nedlac allowing it to protest without facing disciplinary action.

Cosatu President Sdumo Dlamini holds hands with union leadership during the opening day of the national congress. Picture: Vumani Mkhize/EWN.
Cosatu,Retirement,retirement income
Local Business

JOHANNESBURG – Congress of South African Trade Unions (Cosatu) says it will roll out its campaign to have the new pension laws repealed with a picket outside National Economic Development & Labour Council (Nedlac)'s headquarters tomorrow as it negotiates its national strike.

Cosatu has submitted a Section 77 notice to Nedlac, which the federation hopes will lead to a strike certificate, allowing it to protest against the new law without facing disciplinary action.

The pension reform will take effect from 1 March and this is when the trade union federation hopes to kick off its nationwide protests.

Cosatu maintains that it wasn't adequately consulted and General Secretary Bheki Ntshalintshali says their campaign will be focused on the National Treasury.

“We will start the picket at lunch time outside the Nedlac offices tomorrow during the Section 77 notice engagement. Between now and the 24th of February, we expect all our affiliates to organise pickets outside Treasury.”

'COSATU'S CLAIM THAT TREASURY LIED ABOUT NEW PENSION LAWS IS BASELESS'

Last month, the National Treasury said it believed Cosatu's claim that it has lied to Parliament about the consultation process over the new pension laws is baseless.

The union said 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).

(Edited by Refilwe Pitjeng)


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