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

Notices

Purchase

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

27.2	Contributions by the employer to a retirement fund must be a minimum of 7% (seven point zero percent) of the basic rate of pay and contributions by the employees to such a retirement fund must be a minimum of 5.5% (five and a half percent) of the basic rate of pay.

[Part 2 Annexure F (E)(27)(27.2) substituted by Notice No. 1343, GG47302, dated 14 October 2022]

27.3	Where the employer contribution to a retirement fund for an employee is in excess of 7.5% (seven and a half percent) of the applicable rate of pay as at 01 July 2005, the current rand amount applicable as at 30 June 2005 will continue to be paid.