Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Hairdressing, Cosmetology, Beauty and Skincare Industry (Pretoria)Main Collective Agreement44. Pension Fund |
Membership of the Bargaining council for the Hairdressing, Cosmetology, Beauty and Skincare Industry Pension Fund shall be compulsory.
(1)
| (a) | Every employer shall at the end of each pay period deduct from the wages of each and every employee in his employ an amount equal to 50% of the agreed 12% contribution to the Pension Fund, according to the rules of THE BARGAINING COUNCIL FOR THE HAIRDRESSING, COSMETOLOGY, BEAUTY AND SKINCARE Industry Pension Fund, underwritten by a registered Insurance Underwriter. |
(2)
| (a) | Every employer shall contribute an amount equal to 50%of the agreed 12% Contributions to the Pension Fund of each and every employee in his/her employ, according to the rules of THE BARGAINING COUNCIL FOR THE HAIRDRESSING, COSMETOLOGY, BEAUTY AND SKINCARE INDUSTRY Pension Fund. |
| (3) | The amount so deducted in subclause (1) and contributed in subclause (2) shall be paid over within seven days to the Secretary of the Council, P.O. Box, 12265 Hatfield, 0028. |