PROVIDENT FUND CONTRIBUTIONS. (1) Employees’ contributions: Every employer shall, each week or each month, as the case may be, deduct from the wages of each of his weekly paid or monthly paid employees, in respect of whom wages are prescribed in this part of the Agreement, and who has worked 9 ordinary hours or more during any pay week, an amount of equal to 4,0% of his wages towards a provident fund or a retirement fund administered by the Council, provided this is confirmed in a plant level ballot by the majority of employees. No deductions shall be made from the wages of an employee who is 65 years of age or older.
Appears in 4 contracts
Samples: National Main Collective Agreement, National Main Collective Agreement, National Main Collective Agreement
