PSCBC LEVY AND AGENCY FEE
In line with PSCBC Resolution 2/2013 the levy paid by employees (R 1-00 with effect from 1 April 2013) was increased with National Treasury’s projected CPI as of 1 April 2014. The levy now amounts to R1,06 per month per employee.
The Agency fee which is equal to the highest amount payable for subscription by an employee belonging to a trade union to Council also increased on 1 July 2014 from R74,49 to R78,96 per month.
There are unfounded rumours that the GEPF will discontinue the payment of gratuities to retirees