What does meibc stand for?
The Metal and Engineering Industries Bargaining Council (MEIBC) is a statutory body created under the Labour Relations Act (LRA) to provide for the co-regulation of stable and productive employment relations in the metal and engineering sector.
How is leave Meibc calculated?
How do I calculate leave pay? If leave entitlement is 4 weeks, the calculation is: 4 weeks’ wages times the number of shifts worked, divided by 234 shifts.
What is Meibc dispute Levy?
Dispute Levy: R0,62 per employee per week (R2,68 per month) with an equal contribution to be deducted from the employee. Where the total contribution, in terms of the administration levy payable to the Council is less than R175 per month, the employer will make up the difference and pay that amount over to the Council.
Is Mibfa compulsory?
Membership of the Fund is compulsory for all employers and employees in the Industry.
Is Mibfa and Meibc the same?
MIBFA collects the administration levy from registered employers and their employees on behalf of the MEIBC. The funds from the levy contributions are then forwarded to the MEIBC, enabling the MEIBC to offer its services for the benefit of the industry.
How is leave allowance calculated in Nigeria?
For a basic calculation of leave allowance, multiply the number of days you work on average each week by 5.6. For example, if you work a five day week, you would be entitled to 28 days’ annual leave a year.
Do you have to belong to a bargaining council?
An employer is legally obligated to register with that specific bargaining council, if the CORE FUNCTION of the employer is prescribed in the scope of application of any bargaining council. The employer must also comply with the terms and conditions as set out in the collective agreement of the bargaining council.
Can I withdraw my Mibfa provident fund?
One partial or full withdrawal (less any tax payable) is allowed from a preservation provident fund prior to retirement whereas no amounts may be withdrawn from a retirement annuity prior to retirement.
How can I check my Mibfa provident fund balance in South Africa?
Please enter your ID number and password below to display your benefit/surplus statements. Surplus Statements will only be issued to members who qualify. Click on the icon below to download. “Please either phone or ask your HR to phone the MIBFA Call Centre (Tel: 0860 102 544 ) to obtain your password.”
What is minimum wage 2021 annually?
In April 2021 they are: Age 16-17 – £4.62 an hour. Age 18-20 – £6.56 an hour. Age 21-22 – £8.36 an hour.
What does meibc do for the metal industry?
It provides the necessary, administrative infrastructure and technical expertise to ensure effective collective bargaining, industry compliance, dispute resolution and social protection services. The MEIBC’s scope covers a wide range of activities within the metal and engineering industries, including the following sectors:-
Is there an annual wage increase for meibc?
On the 20th of June 2019, the MEIBC Announced it’s annual wage increase which is valid from the 1st of July 2019 to the 30th of June 2020. The Increase is 6.5% on current rates, which also affects the current Minimum Wages per Category. From the 1st of July 2019 MEIBC Employees must be paid as follows:
What are the core values of the meibc?
The values of the MEIBC are noted too serve with commitment, fairness, integrity, communication, teamwork, diversity & excellence For the past approximate 24 months however, the MEIBC has been divided to such an extent that the current Main Collective Agreement has not been extended to non-signatories.
How is job grading done in metal industry?
Professional development of employees. Job classification for scheduled jobs in the metal and engineering Industry is done according to the Main Agreement where the current 13 grade structure is still applicable.