Legalese
The Clothing Industry Pension Fund (CIPF) was set up in 1952 through a Statutory Instrument (SI) for the benefit of employees in the Clothing industry. This was following a Collective Bargaining Agreement (CBA) between representatives of employers through the Chamber of Clothing of Zimbabwe (COMZ) and those of employees through the Associated Clothing Workers Union of Zimbabwe (AMWUZ).
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.