COIDA: Compensation Fund Assistance for Employers.

COIDA

COMPENSATION FUND ASSISTANCE FOR

EMPLOYERS

Dear employer

Overpayment from employers to the Compensation Fund occurs more often than not, and at astoundingly high rates. On the other side of the same coin, there is a large number of employers that are currently non-compliant with their obligatory payments due to the Fund, which ultimately results in cumulative fees and penalties.

NEASA has a longstanding co-operative relationship with a specialist service provider and urges employers to utilise these expert services, to ensure that their contributions to the Fund are correct, that they are adhering to the provisions of the legislation and to assist with all other Compensation Fund matters.

For years, our specialist service provider has not only ensured enormous savings for employers in all industries, but also performs and facilitates the following processes:

• assistance and support with all CompEasy registrations and submissions;
• review of COID setup environment to achieve future savings;
• assistance to employers ensuring that they are correctly classified; 

• performance of the reclassifications of employers to the correct subclass and applicable rate;

• registration of new employers with the Compensation Fund;
• filing and re-filing of employers’ annual Return of Earnings (ROE);
• obtaining Letter of Good Standing (LOGS) from the Compensation Fund;
• calculation of and ensuring correctness of ROE figure declarations, in order to avoid overpayment;
• assistance with the refunding of credits/overpayments;
• assistance with Compensation Fund audits performed on employers; and
• assistance with claims-related issues.

The above services, culminating in actual savings for employers, past and future, are performed on a ‘no-success, no-fee’ basis.

The complexities of interacting with the Compensation Fund should not burden you and your business any longer.

If you are interested in using this service, please call 012 332 5350 or send an e-mail to coid@neasa.co.za.

For more information:

NEASA Media Department

media@neasa.co.za