Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesNational Bargaining Council for the Electrical Industry of South AfricaExtension to Non-parties of the Main Collective AgreementPart l: Scope of Application, Definitions and General Terms and Conditions of EmploymentClause 31 - Benefit Funds |
| (1) | The Council shall provide fixed term contract employees with risk only benefits, namely Death/Group Life Assurance (GLA), Disability Benefits (PHI) and Funeral Benefits. |
| (2) | In the event that an employee fails to qualify for death, disability, and/or funeral benefits in terms of the Pension and/or Provident Fund Agreements because the employer failed to pay contributions owing in respect of the employee's membership, the employer shall be liable to pay to such employee or his/her beneficiaries an amount of money equal to the death, disability and/or funeral benefits that would have been payable to the employee under the rules of the applicable fund had the contributions been paid by the employer. |
| (3) | The Council shall provide PHI (disability) and Funeral Risk Benefits in respect of Region A, Region B and Region C Pension and Provident Funds members. |
| (4) | Retirement Fund contributions shall be as follows: |
| (a) | Total monthly contributions to the Pension/Provident Funds in respect of all Regions are 15% (50% paid by the employee and 50% paid by the employer). |
| (b) | For Region C the current contribution rate shall remain 60% employer and 40% employee and shall change in line with (4)(a) one calendar month after approval by the FSCA of the Pension Fund Rules of Region C allowing such a change. |
| (5) | In the event that a New National Pension Fund comes into operation during the period of operation of this Agreement, all new scheduled employee entrants shall be required to participate in this Fund. The Council shall also provide to the New National Pension Fund PHI (Disability) and Funeral Cover for members. |