Presidency insists there were consultations over new pension fund laws

The Presidency says the first announcement of these changes was in 2011 then public consultation started.

FILE: Pensioners stand in line as they wait to withdraw their monthly monies from a Sassa pay out point at Shoprite in Mitchells Plain Cape Town. Picture: Lauren Isaacs/EWN.

JOHANNESBURG - The Presidency says the public consultation process over laws changing provident pension fund pay-outs took over two years.

It says claims by Congress of South African Trade Unions (Cosatu) that there was no consultation are wrong and misleading.

Cosatu has strongly opposed the changes, claiming they will allow government to control workers' pensions.

The Presidency says the first announcement of these changes was in 2011 and public consultation then started.

It says 15 meetings took place within National Economic Development & Labour Council (Nedlac) from June 2012 and the Bill was first presented in Parliament in 2013.

Cosatu has said repeatedly that one of the reasons it's opposing these changes so strongly is because it and its member unions were not consulted.

But the Presidency says Parliament has required a review of the new laws in two years.