Abstract:
This mini-dissertation discusses the retirement reforms laws. It analysis the
comparative study between South Africa and Chile. South Africa had
undergone the retirement reforms processes since 1992 when Mouton
Commission of Inquiry was established and in 2002. Since then lot of discussion
papers were finalised which mooted retirement reforms ranging from
retirement reforms and social security, a safer financial sector to serve South
Africa better, strengthening retirement savings, costs of retirement benefits.
Chile is a country which is already ahead in their retirement reforms processes.
This study seeks to evaluate the lessons which South Africa can learn from Chile
so that they can fast-track their retirement reforms and re-write the new
Pension Funds Act which incorporate both public and private sectors.
