benefits

UIF benefits set to increase

Unemployment Insurance Fund (UIF) benefits are set to increase, Labour Minister Mildred Oliphant said on Saturday. “The prudent investment of your funds by the UIF management and the board means that government is now in a position to increase unemployment insurance benefits from the current eight months to a year,”[…]

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Monthly payouts on retirement funds

Government’s proposed retirement reforms will encourage individuals to receive their retirement payouts monthly and not as a once-off lump sum, the National Treasury said on Wednesday. This would ensure pension fund members were protected and could retire comfortably, spokesman Xolisa Dodo said. “Government is proposing important measures to lower charges[…]

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