| (1) | The operation of the Pension Fund for Retail Meat Trade, "the Pension Fund", established under Government Notice R977 dated 8 May 1981 and the Meat Trade Provident Fund, "the Provident Fund", Fund No.12/8/32928/1, are hereby continued. |
| (2) | Membership of one of the Funds as detailed in subclause (1) is compulsory for all employees, subject to the Rules of the Funds. If an employee works for three days a week or less membership of the fund is not compulsory. |
| (3) | Contributions are payable in respect of— |
| (a) | each completed calendar month of employment; or |
| (b) | part of a month of employment with an employer being not less than 15 days in any month : Provided that if an employee has been employed by more than one employer in any month and employment with the last employer commenced on or before the 15th day of the month, the last employer is responsible to deduct and pay over the full contribution due: Provided further that if employment with the previous employer terminated after the 15th day of the month, the previous employer is responsible to deduct and pay over the full contributions payable. |
| (c) | Should an employee be absent from work for a period exceeding his/her sick leave entitlement in terms of clause 12, the employer is responsible to still contribute the employer' share of the Retirement Fund contributions. |
[Clause 24(3)(c) replaced by Correction Notice No. R. 1066, GG43781, dated 9 October 2020]
| (4) | For the purpose of providing members of the Funds with benefits, every employer shall deduct five percent of the prescribed wage from the wages payable to each employee and add to it seven percent of the prescribed minimum wage. In the event of an employee who works on three days per week or less, and such employee elects to be a member of the retirement funds, the employer shall deduct three percent of the specified minimum wage from the wages payable to an employee and add to it five percent of the specified minimum wage. |
| (5) | The employer is responsible to ensure that the amounts prescribed in subclause (4) are received at the Fund's address no later than the 7th day of each succeeding month together with the form prescribed by the Fund. |
| (6) | The Fund shall be responsible for dealing with all matters arising from or in connection with the payment of premiums to registered assurance companies in respect of and on behalf of each employee and in connection with benefits of each employee. |
| (7) | benefits or refundable moneys in terms of this clause, which remain unclaimed, shall be dealt with in accordance to the provisions of the Pension Funds Act, 1956, as amended. |
| (8) | membership of the Fund is available to employers and private members and such membership, if selected, shall be deemed compulsory in terms of subclause(2), and will be subject to the provisions of other legislation regarding retirement. |
| (9) | Withdrawal of contributions is subject to a three month waiting period, unless a member retires or is retrenched. |
