Fund Rules
The Fund’s Principal Officer and Chief Executive is accountable to the Board of Trustees appointed by the National Employment Council (NEC) for the Clothing Industry. The Board of Trustees is made up of representatives from AMWUZ and COMZ. The Fund is managed in accordance with a set of rules formulated by the National Employment Council for the Clothing Industry which conform to the provisions of the Pension and Provident Funds Regulations.
Eligibility Requirements
Employee Eligibility
Employer Eligibility
Every employee who is aged less than 60 years and is employed in the mining industry is required to join the fund within three months of being employed by an employer who is or should be a member of MIPF.
Every employer with 25 or more employees is obliged to join and contribute to the Fund. An employer with less than 25 employees may join if they so wish.
Requirements for Processing Benefits
- A completed Advice of Withdrawal Form, Form BN1.
- Confirmation of retrenchment:
- Resolution by the Works Council endorsing the retrenchment
by the employer, or - A letter of approval from the National Employment Council
or the Retrenchment Board - Bank account details.
- National ID copy.
- Copy of payslip.