COVID-19: TERS-Funding: Benefit calculator error corrected

COVID-19

TERS-FUNDING

BENEFITS CALCULATOR ERROR CORRECTED

Dear employer

We previously indicated that the TERS benefits calculator had an error, in that it incorrectly calculated the benefits for employees who received partial payment from employers.

This was particularly true in respect of employees who received more than the maximum benefit amount of R6 730 from their employer. The calculator allocated a zero-benefit to these employees.

The Minister of Employment and Labour has signed a directive correcting the calculation error, and it has been confirmed that the UIF will automatically recalculate the claims and make payment accordingly.

We will keep members informed should there be any further action required from employers affected by this.

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.