Labour Relations Act, 1995 (Act No. 66 of 1995)NoticesBargaining Council for the Furniture Manufacturing IndustryChapter 22. Objectives of the Council Benefit Funds/Schemes |
| 2.1 | The objective of the Furniture Bargaining Council Provident Fund (the Provident Fund), is to provide for retirement benefits to participating members of the furniture, bedding and upholstery industry; |
| 2.2 | The objective of the Furniture Bargaining Council Death and Disability Scheme (standard D.D.S.), is to provide for death, disability and funeral benefits to participating members of the furniture, bedding and upholstery industry, as well as for funeral benefits to the dependants of the main participating members; |
| 2.3 | The objective of the Furniture Bargaining Council Sick Benefit Society (hereinafter split into two subdivided Funds to wit, Furnmed Sick Benefit Society and NUFAWSA Sick Benefit Society), is to provide for prescribed medical benefits to participating members of the furniture, bedding and upholstery industry, as well as for their registered dependants; |
| 2.4 | The objective of the Home Ownership Scheme (H.O.S.), is to provide for home loan facilities for qualifying members of the furniture, bedding and upholstery industry, to purchase, improve, renovate, repair and/or maintain existing or new housing; |
| 2.5 | The objective of the Emergency, Trauma, Disaster and Education Fund (E.T.D.E. Fund), is to provide for loan facilities for qualifying members of the furniture, bedding and upholstery industry, to assist members with loans for emergencies, trauma, disasters and/or education. |
| 2.6 | Any benefit payable upon the death of a member, shall be subject to the provisions of section 37C of the Pension Funds Act, 1956 (Act 24 of 1956), |
| 2.7 | It is the objective of the parties to this agreement to apply to the Minister of Labour to extend the Council benefit funds/schemes to non-parties in terms of the LRA. This will be done in order to make available the same Industry benefits to non-parties. |