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

Notices

National Textile Bargaining Council

Collective Agreement

Part 1

E: Employee Benefits

27. Retirement Fund
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Unless otherwise specified in the relevant Annexures in Part 2 of this Agreement—

27.1 all employers and employees must become members of a registered retirement fund agreed to between the parties as regulated by the Pension Funds Act 24 of 1956 as amended, failing which they shall become members of the Textile Industry Provident Fund;
27.2 contributions by the employer and employee to such retirement fund must be in accordance with the relevant Annexures in Part 2 of this Agreement.