Statistics Act, 1999
R 385
Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Furniture Manufacturing IndustryKwaZulu NatalExtension to Non-Parties of the Main Collective AgreementPart 2Annexure C11. Provident Fund |
| 11 | The Provident fund employee and employer contribution is agreed to be phased in and accumulated as follows: |
| 11.1 | Year 1 - 1,81% of actual wages |
| 11.2 | Year 2 - 3,62% of actual wages |
| 11.3 | Year 3 - 5,43% of actual wages |
| 11.4 | Year 4 - 7,25% of actual wages |
The phase-in is applicable to employee and employer contributions towards the retirement fund and will result that employees contribute 7,25% and employers contribute 7,25% at the commencement of year 4.
The "New employees" clause shall not apply to the phase in of the Provident Fund.
[Part 2 Annexure C(11) inserted by section 5 of Notice No. R. 3666 of GG48959, dated 14 July 2023]
