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

Notices

Bargaining Council for the Hairdressing, Cosmetology, Beauty and Skincare Industry (Pretoria)

Main Collective Agreement

44. Pension Fund

 

 

Membership of the Bargaining council for the Hairdressing, Cosmetology, Beauty and Skincare Industry Pension Fund shall be compulsory.

 

(1)

(a) Every employer shall at the end of each pay period deduct from the wages of each and every employee in his employ an amount equal to 50% of the agreed 12% contribution to the Pension Fund, according to the rules of THE BARGAINING COUNCIL FOR THE HAIRDRESSING, COSMETOLOGY, BEAUTY AND SKINCARE Industry Pension Fund, underwritten by a registered Insurance Underwriter.

 

(2)

(a) Every employer shall contribute an amount equal to 50%of the agreed 12% Contributions to the Pension Fund of each and every employee in his/her employ, according to the rules of THE BARGAINING COUNCIL FOR THE HAIRDRESSING, COSMETOLOGY, BEAUTY AND SKINCARE INDUSTRY Pension Fund.

 

(3) The amount so deducted in sub-clause (1) and contributed in sub-clause (2) shall be paid over within seven days to the Secretary of the Council, P.O. Box, 12265 Hatfield, 0028.