Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Laundry Cleaning and Dyeing IndustryKwa Zulu NatalExtension to Non-Parties of the Main Collective AgreementPart E : Employee Benefits25. Provident Fund |
| 25.1 | The fund known as the "Natal Laundry, Cleaning and Dyeing Industry Provident Fund" ("the Fund") established in terms of Government Notice R. 805 of 12 May 1972, continues as part of this Agreement. |
| 25.2 | All employers and employees must remain or become members of the Fund. An exemption may be granted for those members who participate in a pension or provident fund, whose benefits are not less favourable than those of this Fund. |
| 25.3 | All employers and employees agree to be bound by the rules of the Fund. |
| 25.4 | For the purpose of the Fund both employer and employee contribution shall be increased annually by 0.5% on the 01 March each year effectively. |