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

Bargaining Council for the South African Road Passenger (SARPBAC)

Main Collective Agreement

23. Retirement Fund Contribution Rate

 

 

23.1 Membership of a retirement fund is compulsory in respect of all Employees.

 

23.2 The Employer's contribution to such fund shall not be less than 10% of the Employee's basic wage.

 

23.3 The Employees contribution to such fund shall not be less than 7.5% of the Employee's basic wage.