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

Notices

National Bargaining Council for the Hairdressing, Cosmetology, Beauty and Skincare Industry

Extension to Non-parties of the Consolidated Main Collective Agreement

Terms and Conditions that will apply nationally

29. Pension Fund
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29.1 Establishment of the fund

 

29.1.1 The Pension Fund, known as the Hairdressing, Cosmetology, Beauty and Skincare Industry Pension Fund (hereinafter referred to as "the Fund") is the successor in the title of the following funds:
29.1.1.1 Hairdressing and Cosmetology Industry Provident Fund;
29.1.1.2 Natal Hairdressing Scheme;
29.1.1.3 Hairdressing, Cosmetology, Beauty and Skincare Industry Fund;
29.1.1.4 Bargaining Council for the Hairdressing Trade, Cape Peninsula Provident Fund;

 

29.2 Contributions to the Fund

 

29.2.1 A member of the Fund shall make a monthly contribution to the Fund ("the Member's contribution") equal to the percentage of his/her Basic salary and wages as set forth in annexure "H" hereto.
29.2.2 An Employer shall deduct, on a monthly basis, from the Basic salary and wages of each Employee, the Member's contribution.
29.2.3 Every Employer shall on a monthly basis contribute to the Fund ("the Employer's contribution") an amount equal to the percentage of each Employee's Basic salary and wages as set forth in annexure "H" hereto.
29.2.4 An Employer shall by no later than the 7th (seventh) day of the month immediately following the month in respect of which the Member's contribution is deducted, pay to the Council, both the Member's contribution and the Employer's contribution and submit, a statement in such a format as prescribed in terms of Section 33 of the Pension Fund Act ("the PFA").
29.2.5 No Member's contributions shall be deducted nor Employer's contributions be payable in respect of any period of time during which an Employee is on unpaid leave or unpaid absent as a result of illness or injury on duty, during which no or insufficient payment is due in that payroll cycle to the Employee by the Employer in terms of any provision of this Agreement or under any law.
29.2.6 If any amount due and payable in terms of this clause 29 or in terms of any other provision of this Agreement, is not received in full by the Council on due date thereof, the Employer shall be liable to pay interest on the amount due, as defined in Section 13 of the PFA.
29.2.7 Contributions received by the Council in terms of this clause 29 shall be paid directly to the Fund.

 

29.3 Membership

 

29.3.1 Membership of the Fund shall be compulsory for all Employees, excluding Casual Employees, who are employed in the Industry and who are under the age of 60 (sixty) years of age as at the date of commencement of employment.