SUNDAY April 15, at 18:30 on SABC
2:
In
Fokus:
“FULLER POCKETS FOR PENSIONERS …”
Few South Africans maintain the same lifestyle after retirement. Two thirds of workers don’t save enough for retirement – and three quarters of pensioners depend on government pensions for an income.
Since 2000 government has been formulating extensive plans to make sure people make better provision for their retirement. A comprehensive social security network should be in place by 2010. Its four pillars provide for those without an income, those with a limited income, people who can contribute a limited amount to a retirement fund and those who can contribute more.
All workers will be obliged to contribute to a state-controlled retirement fund. Contributions will be paid out as a monthly pension in the event of disability or retirement. Some of the biggest challenges are membership for workers in the informal sector as well as the affordable and corruption-free administration of the fund.
Workers earning more than R60 thousand a year, will also have to contribute to private or occupational retirement funds. South Africa has around 13 500 retirement funds – and South African retirement products are the most expensive in the world. Government plans sweeping reforms of this sector.
Producer Karin d’Orville examines South African pensioners’ current position and how it may change for the better in future.
AND: “FOLLOW YOUR DREAMS…”
Since 1989 the non-governmental organisation, Learn to Earn has been involved in the development of unemployed people. Through skills transfer human dignity has been restored to hundreds of people who’ve completed courses in sewing, woodwork, beadwork, and business management. Producer John Bailey reports on the uplifting effect of previous unemployed and unskilled people who have become self-supporting, employed and financially independent.
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