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

Notices

National Bargaining Council for the Clothing Manufacturing Industry

Consolidated Provident Fund Collective Agreement for the KwaZulu-Natal Region

4. Provident Fund

 

 

The Fund established in terms of the Agreement, published under Government Notice No. 692 of 12 May 1961, for the purpose of providing benefits for members as provided in this Agreement and known as the Clothing Industry (Natal) Provident Fund, hereinafter referred to as the "Fund", is hereby continued.

 

The Fund shall consist of—

(a) contributions paid into the Fund in accordance with the provisions of this Agreement;
(b) money transferred into the Fund from another Fund in respect of a member; and
(c) any other sums to which the Fund may become entitled;

increased or decreased by the rate of return declared in accordance with clause 10.