WATCH | Explainer: UIF and company pensions during Covid-19

Employment and labour minister Thulas Nxesi has announced a Covid-19 relief fund for employers and their employees.Some companies have reported they are no longer able to contribute to their employees' pension funds.

The state-owned arms manufacturer Denel announced it had paid employees their salaries, but could not pay pension contributions. In this video explainer, we explore how employees can find out whether their company is receiving relief funds from government, whether or not employees can apply to the Unemployment Insurance Fund directly, and what it means should their employer no longer be able to contribute to their pension funds.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UIF to litigate against companies withholding COVID-19 funds from workersIt has emerged that some employers who applied for the special temporary benefit to cover workers’ salaries in light of disruptions to workflows have not distributed the funds as required. Okay wa bona what i told you last mohlaloga_setja No answer from uif when phoning or emails
Source: ewnupdates - 🏆 30. / 53 Read more »