The deputy minister of employment and labour Boitumelo Moloi announced on Tuesday: “Following due diligence and consultation with the Unemployment Insurance Fund actuaries, and in line with the President’s decision to extend the life of the Disaster Management Act until 15th August, we have taken the decision to similarly extend the COVID-19 TERS benefit until…
Category: UIF
A Step-By-Step Guide to the COVID-19: TERS Application Process
Following the national lockdown announced by the President on the 26th of March 2020, the government has made numerous benefit options available, in order to assist its citizens during the COVID-19 lockdown. With confusing guidelines, employers and employees alike have been frantically trying to determine which of the benefits will be the most advantageous. The…
All Rand Mutual Assurance Members
The 2020 COID Policy Renewal is NOW OPEN You can now renew your COID policy for 2020, thereby ensuring that your employees enjoy cover against occupational injuries and diseases while on duty. Submit your employees’ earnings (actuals for 2019 and estimates for 2020) before 31st March 2020: To ensure that you remain in good standing, the…
Retirement and Claiming UIF
The purpose of the Unemployment Insurance Fund (UIF) is to provide financial relief to employees who have involuntarily lost their employment or income due to retrenchment or dismissal (illness, pregnancy, adoption or death). Considering the high unemployment rate and economic climate in South Africa, many retirees would prefer to continue working mainly due to financial…
Compensation Fund New Assessment Model
On 16 October 2018, the South African Department of Labour issued Government Notice No. 1105 regarding the implementation of the Compensation Fund’s New Assessment Model. Currently the Compensation Fund assess employers on the basis of the industry they operate in, and are assigned a specific assessment class for the basis of determining their liability to…
Employer’s guide to Unemployment Insurance Fund
Employers are of the view that registration at the Unemployment Insurance Fund (UIF) is voluntary and are usually faced with interest and penalties payable by them for non-compliance or non-payment. The purpose of the fund is to give short-term relief to employees or their dependents when they become unemployed or are unable to work for…
New Assessment Model for Compensation Fund
On 16 October 2018, the South African Department of Labour issued Government Notice No. 1105 regarding the implementation of the Compensation Fund’s New Assessment Model. Currently, the Compensation Fund assess employers on the basis of the industry they operate in and are assigned a specific assessment class for the basis of determining their liability to…