In recognition for the efforts of Members to contain costs, the RMI has ensured that the weekly contribution towards the MIBCO Sick-, Accident- and Maternity Pay Fund will not increase in 2021. The following rates will therefore continue to apply from the 01 January 2021 to 31 December 2021.
|Table 1||Sick Fund||Maternity Fund||Death & Funeral||Total New Contribution|
We remind employers that participation in the Fund is restricted to paid-up members of the RMI only, with membership being compulsory for employees that are members of the Motor Industry Staff Association (MISA). All non-MISA members, employed by RMI-registered employers, may participate in the Fund on a voluntary basis.
Below is a summary of benefits accruing to employees that are members of the Fund:
Sick leave – first 10 days at 100% of wages/salaries.
Next 5 days at 50% of wages/salaries.
Employers will pay the MISA members directly and claim the benefit back from the Fund afterwards.
All Other Employees:
Sick leave – 15 days at 75% of wages/salaries.
Other Benefits, for all Employees:
Accident Pay – Up to 40 days at 75% of wages/salaries.
Maternity Pay – Up to 17 weeks at 30% of wages/salaries.
We are also pleased to inform participating employees that all employees registered on the Fund receives the following additional benefits after 8 consecutive weeks’ contributions:
- A death benefit of R20,000.00 per Fund member (increased from R15,000.00), upon the passing of the member;
- A funeral benefit of R10,000.00 for the Fund member, as well as his / her spouse/partner, children between the ages of 14 and 18 and R7,000.00 for children under the age of 14, to a maximum of three claims per year (an existing benefit); and
- A funeral benefit R7,000.00 in the case of the still-birth of a child of the member new benefit.
All death- and funeral benefit-related queries may be directed to MISA on call centre number 086 099 4147 or email email@example.com.
If you should have any questions or queries arising from this update, please do not hesitate to contact any one of the RMI’s Regional Offices.