Examples of Leave Pay Fund in a sentence
All working employers shall observe the provisions of this Agreement in respect of hours of work, payment of Leave Pay Fund contributions and payment of Holiday Bonus Fund contributions at the prescribed foremen’s rate of pay, payment of Provident Fund contributions, additional Provident Fund contributions, payment of Council levies and payment of wages for public holidays.
All working employers shall observe the provisions of this Agreement in respect of hours of work, payment of Leave Pay Fund contributions and payment of Holiday Bonus Fund contributions at the prescribed foremen’s rate of pay, payment of Provident Fund contributions, payment of Council levies and payment of wages for public holidays.
Establishments are reminded that in terms of the provisions of the Main Collective Agreement, all employees in the Industry, have the right to receive their annual Provident Fund, Leave Pay Fund and Holiday Bonus Fund statements before each establishment’s annual closure date in December of every year.
Provident Fund, Leave Pay Fund and Holiday Bonus Fund statements will be delivered to the establishments from the beginning of December 2021.
Horwitz (2000) cites a further example, namely that the Sick Leave Pay Fund of the BIBC (CGH) works on a system of credits for employees.
All moneys paid into the Leave Pay Fund shall be deposited in a special bank account to be operated for and in the name of the Leave Pay Fund.
YEAR TWO of employment:(a) At least 100% of the prescribed minimum weekly wage rates for General Workers;(b) At least 90% of the prescribed minimum weekly wage rates for all other Occupation Skills Levies of employees;(c) 100% of prescribed Council Levies;(d) 100% of prescribed Leave Pay Fund contributions;(e) 100% of prescribed NUFAWSA Sick Benefit Society contributions for all NUFAWSA Members;(f) 100% of prescribed Furnmed Sick Benefit Society contributions for all CEPPWAWU members.
Any money that belongs to the Leave Pay Fund and that are not required for immediate use may be invested by the Council from time to time in terms of section 53(5) of the Act.
An exemption fee shall be charged to an establishment who successfully applied for an exemption in respect of Leave Pay Fund and Holiday Bonus Fund contributions payable to the Council.
Leave Pay Fund contributions are to be paid to the Council by the employer for each of his employees at a rate of 6% of the employee’s wages for the ordinary hours worked by the employee and on the hours which would ordinarily have been worked by the employee on paid public holidays and trade union representative leave days.