COVID-19: Pension/Provident funds: Best practice guideline

COVID-19

PENSION/PROVIDENT FUNDS

BEST PRACTICE GUIDELINE

Dear employer

The Covid-19 lockdown has placed severe pressure on the cash flow of many businesses.

Consequently, many businesses have opted to, or will do so in future, implement a provident fund payment holiday or restructure the rules of retirement funds in a different manner.

In order to assist employers who have or need to utilise this option, we have provided members with a best practice guide, as received from NEDLAC, on how to implement these changes.

Please click here to view the guide.

NEASA 24/7 NATIONAL HOTLINE: 086 016 3272
legalhotline@neasa.co.za

Regards

We are all in this together.
Privileged and challenged to be South African.