Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesNational Bargaining Council for the Clothing Manufacturing IndustryMain Collective AgreementPart I : Provisions for the Non-Metro Areas42. Provident Fund Contributions |
| (1) | Employees’ contributions: Every employer shall, each week or each month, as the case may be, deduct from the wages of each of his weekly paid or monthly paid employees, in respect of whom wages are prescribed in this part of the Agreement, and who has worked 9 ordinary hours or more during any pay week, an amount of equal to 4,0% of his wages towards a provident fund or a retirement fund administered by the Council, provided this is confirmed in a plant level ballot by the majority of employees. |
No deductions shall be made from the wages of an employee who is 65 years of age or older.
| (2) | Employer's contributions: an employer shall each week, in the case of weekly paid employees or each month, in the case of monthly paid employees, contribute an amount equal to 4,75% of the wage of each employee with the effect from 1 February 2023 and further 0.25% to be added on 1 February 2024. In respect of whom wages are prescribed in this Agreement and who has worked nine ordinary hours or more during any paid week, towards a provident fund or retirement fund administered by the Council. |
[Clause 42(2) substituted by section 11(5) of Notice No. R. 2848, GG47669, dated 9 December 2022]
| (3) | The total deducted in terms of subclause (1) above, together with the employer’s contributions in terms of subclause (2) above, shall be forwarded together with a list showing Council registration numbers of employees detailing particulars of contributions, to the General Secretary of the Council, or Regional Secretary of the Regional Chamber of this Council in whose area of responsibility the employer’s business falls to reach him no later than 14 days after the end of each calendar month. |