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

Notices

National Textile Bargaining Council: Extension to Non-parties of the Main Collective Agreement

Part 2

Annexures

Annexure J: Worsted Section

E. Employee Benefits

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

 

27.2 Minimum contributions by the employer and the employee to the relevant Provident Fund shall be as follows:

VERTICALS

Employer: 7% of employee's basic wage.

Employee: 5.0% of employee's basic wage.

SPINNERS

Employer: 6.5% of employee's basic wage.

Employee: 5.0% of employee's basic wage.