Acts Online
GT Shield

Labour Relations Act, 1995 (Act No. 66 of 1995)

Notices

National Textile Bargaining Council

Collective Agreement

Part 2

Annexures

Annexure D: Blanket Section

E. Employee Benefits

27. Retirement Fund

 

27.1 As per the provisions of clause 27 of Part 1 of this Agreement.

 

27.2 Contributions by the employee and employer to the Textile Industry Provident Fund shall be as follows:

 

27.2.1 Employees who are members of the Textile Industry Provident Fund, shall contribute 6.00% of the employee's basic wage, with effect from 01 January 2021. Employers will contribute an equivalent percentage.

 

Employee: 01January 2021 : 6.00% of employee's basic wage

Employer:  01January 2021 : 6.00% of employee's basic wage

 

27.2.2 Ex-fixed term contract employees employed prior to 31 December 2014, and new employees employed on/after 01 August 2015, and who become members of the Textile Industry Provident Fund, shall contribute 6.00% of the employee's basic wage with effect from 01 January 2021, employers will contribute an equivalent percentage.

 

Employee: 01January 2021 : 6.00% of employee's basic wage

Employer:  01January 2021 : 6.00% of employee's basic wage

 

27.3 A temporary employee in the employ of the employer shall not be entitled to retirement fund membership for any period of employment during the period of operation of Part 1 of this Agreement.

 

[Part 2 Annexure D (E)(27) substituted by Notice No. R. 1398, GG44029, dated 24 December 2020]