JOHANNESBURG - Retirement fund administrators have been flooded with requests for withdrawals.
READ: Two-pot retirement system | Workers dive into pension savings pots
The two-pot retirement system came into effect this past week.
It's meant to preserve funds put aside for retirement, but also provide emergency relief, for members facing financial distress.
Saftu General Secretary Zwelinzima Vavi says the two-pot retirement system is a scam while,
ATM President Vuyo Zungula says the R30,000 limit is way too little.
Economist Joseph Busha, joined Zungula and Vavi to discuss how the fund structure balancing act will impact your pension.