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

Notices

Bargaining Council for the Restaurant, Catering and Allied Trades

Extension to Non-parties of the Main Collective Agreement

21C. Provident Fund

 

( 1) Membership of the Momentum "Funds at Work Benefit" Scheme with registration No's 12/08/32083/1, SARS 18/20/No36990 is compulsory for all employees, (other than a casual employee or a special function casual employee ) who are employed within the Scope and Sector of the Bargaining Council for the Restaurant, Catering and Allied Trades and who have not reached the age of sixty five (65) years.

 

(2) For the purpose of providing employees with Provident Fund Benefits, every employer shall in respect of each month deduct 5% from the wages payable to each employee, and add to such deduction an equal amount of 5%.

 

(3) Every employer shall ensure that the employee's deductions as well as the employer's contributions as referred in sub-clause 2 are paid to Momentum by no later than the day of the month succeeding that during which the deductions and contributions were made.

 

(4) Every employer shall submit the participating employer's membership particulars to the administrator in prescribed electronic format and in such detail as required in terms of the regulations and this agreement by no later than the 25th of each month.

 

(5) Commission workers working a minimum of 130 hours per month and for a minimum period of 2 years and longer with the same employer, shall be eligible to join the Provident Fund.