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South africa severance package

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The document is a Choice Form for Severance Package from the Government Employees Pension Fund (GEPF) in South Africa. It outlines the process for members to select their pension benefits upon severance, detailing options based on age and years of service. Members must choose between receiving a gratuity into their bank account or an approved retirement fund, with additional options available for those over 55 with at least 10 years of service. The form requires certification from both the member and an employer representative.

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What is the PSCBC agency?

The Public Service Coordinating Bargaining Council (PSCBC) was established in terms of section 35 of the Labour Relations Act, 1995 (LRA). All other collective bargaining structures for the public sector were also created in terms of this section of the LRA.

What is the PSCBC resolution 3 of 2003?

The purpose of this agreement is to finalise the annual wage increase for the financial year 2003/2004. 3.2 should the threshold on the CPI-X be lower than 4 per cent or higher than 7.5 per cent for the respective period, negotiations may be re-opened.

What is the role of the Pscbc?

The Public Service Coordinating Bargaining Council (PSCBC), established in terms of Section 35 of the Labour Relations Act 66 of 1995, is responsible for the following: The maintenance and promotion of labour peace. Prevention and resolution of labour disputes and.

What does phsdsbc stand for?

The Public Health and Social Development Sectoral Bargaining Council (PHSDSBC) is a public sector bargaining council that was established to promote labour peace in the public health and social development sector.

What does the Bargaining Council deal with?

Bargaining councils deal with collective agreements, solve labour disputes, establish various schemes and comment on labour policies and laws. Send your application for the registration of a bargaining council (Application for Registration of Bargaining Council, Form LRA3.