Since there is a system element for pension funds, you can click Add under Regular Entries and then select Provident Fund under Deduction. Then complete the information as follows: Please note: If you have not determined how the employees` DDR is to be determined, the pension fund contributions will not be calculated on their pay slips. To put this in place, follow these steps: Examples* of agreements that could be concluded with the MEIBC: *Please note: The above are only examples. You must use the information contained in your specific agreement with the MEIBC. To complete the dispute resolution portion of the agreement, repeat the two steps above – for employer contribution and employee contribution – but replace “administrative levy” with “dispute resolution levy” and enter R2.68 instead of R7.45. On the Add New Custom Item screen, click Advantage. The reason you should use this custom element is that the employer`s contribution is included as a secondary benefit in employees` taxable income. Complete the information as follows: *Note: The information discussed in this section can also be applied to the health insurance agreement. Under Select income items, you must select all the income items that you want to include when calculating the income percentage. If it has not been specified – as in the example – this information must be verified with IEDIM so that the contribution is calculated correctly. It is recommended that you configure the MEIBC administration fee and the litigation fee separately so that they appear separately on pay slips. Employer and employee contributions are structured slightly differently.
The rest of this article will explain how to use a template to configure the above examples in SimplePay. For more information on the models, see the following section: The Metallurgical and Engineering Industries Bargaining Council (DMIC) is a statutory body created under the Industrial Relations Act (LRA) to co-regulate stable and productive jobs in the metals and engineering industries. For more information, visit the MEIBC website. The dispute resolution agreement is available at the Ministry of Labour and we expect it to peak in the first quarter of 2019. Because there is no system element for this and you have not yet created a custom element for it, add a dispute resolution template element by clicking New Template Item Only under Actions. Engineering Industries Pension Fund (IBET) or Metallurgical Industries Provident Fund (MIPF): Therefore, in this case, choose “% of income” as the input type and 1.0 as the percentage. The collective agreements of the Pension de l`industrie métallurgique and the Provident Fund have been published and extended to all non-party employers and employees. The steps to add this element to the template are very similar to those described above for dispute resolution. The main differences are that it has only one component and the levy is a percentage and not a fixed amount.
The following levies and contributions apply to companies that fall within the registered scope of the Metallurgical industries and engineering negotiation council (MEIBC) and are members of an employers` association affiliated to SEIFSA: In cases where this is a percentage of the “regular salary”, you must tick both the basic salary and the basic hourly wage so that the model can be used for both hourly wages and employees. The health insurance fund, the collective agreement on administration and expenditure and the main agreement were referred to the Council by the Ministry of Labour at the end of 2018, with certain “shortcomings” identified. Most of these issues have been satisfactorily dealt with and resolved with the Ministry of Labour through the Council. The remaining issues have been addressed by the parties, will soon be approved by the Council and the three collective agreements will be resubmitted to the Ministry of Labour by the end of February/beginning of March 2019 Once you have created a template (as described in the Templates section linked above), you can proceed with the implementation. Once your model is ready, you can decide on the applicability of the model elements and decide which employees they want to add the model to. For more information on these two aspects, see the Models section (link above). . . .