Unpacking T-Day: What You Need To Know About Retirement Reform Changes 2 months ago 3 min read Share with your network! With the retirement reform changes (T-Day) set to take effect on 1 March 2021, business owners should be aware of the changes to communicate these to their employees and minimise any uncertainties they may be experiencing ahead of the day. This is according to Danie Hattingh, Principal Officer of the BIBC Pension Fund and Executive Committee Member of the Master Builders’ Association Western Cape (MBAWC), who says that fundamentally provident funds will now be subject to the same rules at retirement as pension funds and retirement annuities. “However, those aged 55 or older on 1 March 2021 who remain a member of the same provident fund will be exempted from these changes.”