Lumpsum payment would deplete pension savings, increase old age poverty

by | August 9, 2017 12:06 am

The move by the Senate to Amend the Pension Reform Act 2014 to enable retirees withdraw up to 75 percent of their pension savings as lump sum has continued to receive serious bash by experts and those who have watched it happen in other jurisdictions. Experts have argued that the move will erode savings in…

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