Recommendable P.A.C policy position on the treatment of workers Retirement
Funds (Provident Funds Based Funds)
1. Retirees must be given an option: percentage of retirement pension
taken immediately and percentage retained as annuity (0%-100%)
2. Designing financial services structures to optimise the optimum use of
workers’ money withdrawn or retained.
3. Continuous interactive communication between government and
beneficiaries on this money demonstrating advantages and disadvantages of
available options with a view to reach dynamic consensus. Through time,
behavioural changes on both sides (government and workers) are possible.
4. Both government and workers have a case in this matter: a middle
dynamic ground is needed to allow for learning and change of views, attitudes
and behaviour.
5. It is important, however, to uphold the position that in this matter
workers are citizens and not subjects.
6. Government has a responsibility to come out with policies aimed at
positively influencing the behaviour of the citizens. In most cases such
policies are resisted at first and are difficult to be implemented to realize
expected results. Even here citizens continue to have their rights respected.
Did You Hear?!
Do You Still Remember?
We were called monkeys
Yes, we are the indigenous monkeys of this country; of Azania
We are the monkeys that own this country and its wealth
And as usual what belongs to the monkeys and their like, must be plumbers and
usurped by the so
called ‘upper others’, however classified, the so called ‘upper other’ who
choose to be our SPCA
But still, we are the indigenous monkeys of this country!
mabayeke umhlaba wethu!
Wola lapho,monkey yami
Regards
vusie makhathini
0826754796
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