This offers employees a sense of immediate value, as they can experience the benefits of their savings throughout their lives.
The solution could be employer-driven, member-driven, a stokvel-type model or a combination of these.
Employers have a key role to play in the overall well-being of their staff, which bring benefits to the employees and employers. Employers can demonstrate this via an employer-driven solution.
For example, Company A decided to use retirement savings to provide an emergency savings plan for its employees.