What is IC Levy?

What is IC Levy?

Motor Industry Bargaining Council This levy is payable in respect of all employees covered by the Motor Industry Main Agreement and is utilised to fund the Council’s expenses and those of its Dispute Resolution Centre.

How do I claim Mibco?

How do I claim my MIBCO benefit fund?

1. Your full name as well as your council number.
2. Your identity number.
3. Your contact number.
4. The start date of your leave as well as the reason for going for the leave, if applicable.
5. If applicable, the period you will be absent from work due to things like sickness or injuries.

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.

Is it compulsory to join MEIBC?

It is a legal requirement in terms of the Labour Relations Act that every employer active in the metal and engineering industries must register with the MEIBC.

How is Mibco Provident Fund calculated?

Formula and Examples for Calculation of Leave Pay

1. Conversion from monthly salary to weekly. Formula. Monthly salary x 12 = weekly. Example. Monthly salary = R2000-00. R2000-00 x 12 = R461-54 per week.
2. Calculation of accrued leave pay. Formula. No. of weeks worked x No. of weeks’ leave per annum x weekly wage.

How long does Mibco take to payout provident fund?

I resigned from my previous employer and on the 7 July I gave in my Provident Fund claim form at Mibco offices in Hatfield. I asked the lady how long will the process take to pay out the claim. She said it should take about 4 to 6 weeks to pay out the claim.

Why choose mimibco to resolve your labour dispute?

MIBCO has been accredited by the CCMA to resolve most types of labour disputes which occur in our industry and its dispute resolution procedures closely mirror those of the CCMA.

What does mibco stand for?

Labour Relations Act: Motor Industry Bargaining Council(MIBCO): Extension to non-parties of Main Collective Amending Agreement Author Government Gazette 34552, Regulation Gazette 9577, Government Notice 687

When to serve a referral form to the DRC?

A copy of the Referral Form must be served on the other party and the DRC within 30 days of a dismissal (or 90 days of an unfair labour practice). Service may be effected by registered mail, fax or by hand.

How does the DRC enrol a dispute for arbitration?

The DRC will enrol the dispute for Arbitration at a venue closest to the parties. A DRC arbitration award is final and binding and, when certified by the CCMA, can be enforced as if it were an order of the Labour Court. Contact the DRC on how to apply for CCMA certification of the award.