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

Notices

Bargaining Council for the Laundry Cleaning and Dyeing Industry

Kwa Zulu Natal

Extension to Non-Parties of the Main Collective Agreement

Part E : Employee Benefits

25. 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.