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

Notices

Motor Industry Bargaining Council (MIBCO)

Motor Industry Provident Fund Collective Agreement

Extension to Non-Parties of the Motor Industry Provident Fund Collective Agreement

Clause 4: Establishment and Objects of the Fund

 

(1) The Motor Industry/MISA Provident Fund established on 1 January 2001 is hereby continued as the Motor Industry Provident Fund (hereinafter referred to as the "Fund").

 

(2) The Fund shall consist of:
(a) Contributions paid to it in terms of this agreement;
(b) Interest, dividends, rental income and capital gains derived from the investment of its moneys;
(c) Money or any other assets transferred to it from any other pension or provident fund; and
(d) Any moneys or other assets lawfully acquired from any other source\whatsoever.

 

(3) The objects of the Fund shall be, in accordance with the rules of the Fund as determined from time to time, to provide benefits for members.