Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Hairdressing Trade (Cape Penninsula)Main Collective Agreement38. Provident Fund |
The Council having resolved that employers and employees in the Hairdressing Trade must participate in the registered Provident Fund known as the “Bargaining Council for the Hairdressing Trade, Cape Peninsula Provident Fund” (hereinafter referred to as the “Fund”), authorises for the purpose of implementing the objectives set out in the rules scheme, the collection of contributions:—
| (a) | Every employee must contribute per month, an amount equivalent to six percent of the employee"s basic wage; |
| (b) | Every employer must deduct per month from the wage of each employee the amount referred to in clause 38(1) and contribute an amount equivalent to six percent of the employee"s basic wage; |
| (c) | Every employer must pay the amounts referred to in clause 38(1) and 38(2) to the Council before the seventh day of the next month; |
| (d) | The Council will collate all such payments and remit the total amount due to the administrator of the Fund by the 26th day of every month. |
[GG34479, Government Notice No. 612 amended the above clause. Please note that the above clause makes referrence to subclauses 38 (1) and 38 (2), although no subclauses with such numbering was published.]