{"id":59,"date":"2019-08-15T16:28:08","date_gmt":"2019-08-15T14:28:08","guid":{"rendered":"https:\/\/eifunds.co.za\/kzn\/?page_id=59"},"modified":"2026-06-21T14:21:24","modified_gmt":"2026-06-21T12:21:24","slug":"contributions","status":"publish","type":"page","link":"https:\/\/eifunds.co.za\/kzn\/contributions\/","title":{"rendered":"Contributions"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Contribution rates are set as a percentage of pensionable salary and are currently as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Member contribution: 7.5%<\/li>\n\n\n\n<li>Employer contribution: 7.5%<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The following deductions are made from the above contributions to ensure that you have risk benefits under the fund:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Group Life premiums &#8211; 1.43%<\/li>\n\n\n\n<li>Disability premiums &#8211; 0.71%<\/li>\n\n\n\n<li>Funeral premiums &#8211; R20 per month<\/li>\n\n\n\n<li>Operational fund expenses &#8211; 2.58%<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The balance of contributions after deductions are added to the member&#8217;s pension funding interest in the Fund.&nbsp; Members are encouraged to make additional voluntary contributions towards the Pension Fund to utilize the tax benefits and at the same time as you are saving towards your retirement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Contribution rates are set as a percentage of pensionable salary and are currently as follows: The following deductions are made[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-59","page","type-page","status-publish","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Contribution rates are 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