News
Increase in MIBFA Pension & Provident Fund Contribution Rates
23 June 2022
This serves as a reminder that the employer contribution rates for the pension and provident funds will increase on 1 July 2022 by 0.1%, meaning that contributions from employers will increase to 7.7%, with the employee contribution remaining at 7.5%. This is in accordance with the Funds Surplus Apportionment arrangements.
For more information, please visit the MIBFA website:
http://www.mibfa.co.za/downloads/EIPFcomm.pdf (Pension Fund Surplus Apportionment information)
http://www.mibfa.co.za/downloads/MIPFcomm.pdf (Provident Fund Surplus Apportionment information)
Please see note below for the levies and contributions which are applicable to SAEFA member companies:
Letter to employees regarding wage increases
23 June 2022
Please see letter below that may be issued to employees regarding wage increases for 1 July 2022:
Free webinar on wage increases and exemptions
21 June 2022
Please join us for a free webinar, where we will take members through the wage increases due for 1 July 2022, as well as the procedure to be followed when applying for an exemption from the MEIBC. The webinar will be hosted on the dates below:
- Wednesday 22 June 2022 at 14h00 (Click here to join the meeting)
- Wednesday 29 June 2022 at 14h00 (Click here to join the meeting)
We look forward to connecting with you.
Wage Increases - 1 July 2022
13 June 2022
Please see document below regarding wage increases due 1 July 2022 for your information: