{"id":65,"date":"2019-08-18T17:07:54","date_gmt":"2019-08-18T15:07:54","guid":{"rendered":"https:\/\/eifunds.co.za\/kzn\/?p=65"},"modified":"2019-08-18T17:19:27","modified_gmt":"2019-08-18T15:19:27","slug":"contribution-rate-change","status":"publish","type":"post","link":"https:\/\/eifunds.co.za\/kzn\/rules\/contribution-rate-change\/65\/","title":{"rendered":"Contribution rate change"},"content":{"rendered":"\n<p>Members and employers of the Electrical Industry Kwazulu Natal Pension Fund are advised of a change in contribution rates.<\/p>\n\n\n\n<p>In terms of notice No. R. 592 of 2019 published 18 April 2019, Pension Fund Contribution rates have been adjusted as follows:<\/p>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><td>Was<\/td><td>Is now<\/td><\/tr><tr><td>Pension funding salary<\/td><td>44 hours per week<\/td><td>42.5 hours per week<\/td><\/tr><tr><td>Member&#8217;s contribution rate<\/td><td>5.6%<\/td><td>6%<\/td><\/tr><tr><td>Employer&#8217;s contribution rate<\/td><td>8.4%<\/td><td>9%<\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>The effective date of this change is from 1 June 2019.<\/p>\n\n\n\n<p>The effect of the change is a slight reduction in insured benefits and an increase in contributions being allocated to retirement funding income.<\/p>\n\n\n\n<div class=\"wp-block-columns has-2-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns has-2-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Members and employers of the Electrical Industry Kwazulu Natal Pension Fund are advised of a change in contribution rates. In[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[12,13,14],"class_list":["post-65","post","type-post","status-publish","format-standard","hentry","category-rules","tag-contributions","tag-rule-change","tag-rules"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/posts\/65","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/comments?post=65"}],"version-history":[{"count":4,"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/posts\/65\/revisions"}],"predecessor-version":[{"id":71,"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/posts\/65\/revisions\/71"}],"wp:attachment":[{"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/media?parent=65"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/categories?post=65"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eifunds.co.za\/kzn\/wp-json\/wp\/v2\/tags?post=65"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}