Please note that, in accordance with the Industry Pension and Provident Fund Collective Agreement, the annual contribution increase programme gazetted on
3 August 2012 and the respective Fund Rules, the contribution rate for both funds increased from 1 July 2016.
The contribution rate for both employees and employers will increase from the current 7.0% to 7.1% of pensionable remuneration. Please ensure that your monthly return for July 2016 reflects this new contribution rate.
Should you have any enquiries, please contact members of staff in the Industrial Relations and Legal Services Division on (011) 298-9400.