According to the Sick Benefit Fund Committee for regions A and B, employers should note that the subsidy in relation to contributions to the National Sick Fund will be applied strictly. The main collective agreement requires that employers pay their contributions to the Bargaining Council for the Electrical Industry by the fifteenth day of the month following the month in which contributions are deducted from employees.
Employers will be in good standing and the subsidy processed and paid over to the National Sick Pay Fund if the money reaches the council by that date. Should this not be the case, no subsidy will be processed and the employer will receive a compliance order to pay the difference. Only employees in good standing will be entitled to benefits.
The committee urged employers to ensure that they pay their contributions on time to enjoy uninterrupted benefits and a full subsidy for both employer and employee contributions.
The committee has assessed the remaining assets in Region A and B Sick Benefit Fund and project that the 1% subsidies for employers’ and employees’ contributions respectively are likely to last until February 2019. No other funds will be generated to pay the subsidy beyond that date. Should this projection be accurate, employers and employees would be required to pay 3% each towards the National Sick Benefit Fund.
The Regions A and B funds subsidised contributions to the National Sick Benefit Fund for twelve months at 66,34% for employer and employee contributions, with a vastly improved benefit structure calculated on actual wages. The subsidy was reduced to 33,33% in May 2018 at an increased rate of pay and again at actual rates of pay. It was anticipated at commencement that the subsidy would last until April 2019.
ECA Sick Benefit Fund committee, regions A and B