As a member you will pay a minimum 7.5% of your earnings each month into the fund. These payments are your contributions to your own retirement benefit. (Your earnings are your basic wages, excluding any overtime, allowances or bonus as agreed with your employer).
Your employer must pay not less than 7.5% of each member’s earnings to the fund. This contribution rate needs to be negotiated with your employer but should always cover the total costs for death, disability and funeral benefits as well as the general administration charges.