Fund Benefits

Planning for Tomorrow Starts Today

Motor Industry Retirement Funds (MIRF)

Through MIBCO, employees in the motor industry are covered by the Motor Industry Retirement Funds (MIRF). These funds provide retirement savings and essential risk benefits like Sick, Accident and Maternity and Additional Holiday Pay – helping you and your loved ones stay financially protected.

Motor Industry Fund Administrators (MIFA)

The Motor Industry Fund Administrators (MIFA) is the official administrator of the Motor Industry Retirement Funds (MIRF), including the Motor Industry Provident Fund and the Motor Industry Retirement Fund. Working closely with MIBCO, MIFA ensures that all contributions, benefit claims, and fund management services are efficiently handled for motor industry employees and employers.

Motor Health Care

The Moto Health Care was registered with the Council for medical schemes in October 2007. The Scheme is restricted to Employers and their employees operating in the Motor Industry in South Africa. Visit their website HERE for more information. You can also access their member guide HERE.

Employee Benefit

This fund was created to provide for leave pay for specific job grades. Daily contributions towards this fund are made by the employer to MIBCO during the year.

The payment made when a member leaves the employer or on an annual basis after every after 12 contributions by the employer depending on the specific rules of the fund.

To claim Annual Holiday Pay browse the Self-Service Portal HERE.

Sick, Accident and Maternity Fund

The SAMF fund provides financial support to employees in the motor industry for sick leave, accidents, and maternity-related absences. The fund also aims to assist members who suffer losses of wages or salary through absenteeism resulting from incapacity due to accident or sickness.

The maternity fund assists female members who suffer losses of wages through absenteeism resulting from their pregnancy.

Eligibility and Contributions: 

SAMF is a voluntary benefit paid by the employer. Employers registered with RMI and non-union members working for employers registered with RMI qualify for SAF.

Relevant documents:

  • Sick fund rules
  • SARS directive on taxation on sick fund payments

Employers submit claims on behalf of employees Self-Service Portal HERE.

Fund membership

Membership is compulsory as set by the Bargaining Council in the Collective Agreement. Membership ensures consistency and fairness of the employment conditions for all members.

Membership ensures retirement benefits for all employees that retire or are no longer able to work. Contributions towards this fund are made by the employer which are set by the Bargaining Council in the Collective Agreement in alignment with the Rules of the Fund.

Retirements Benefits:

Normal/Early/Late Retirement benefits

Death benefit

Disability benefit

To claims access the Self-Service Portal HERE.

Qualification for Benefits:

13 consecutive weeks’ contributions.

Sick Pay – Non–unions and NUMSA members rules apply, 75% of the member’s ordinary daily remuneration up to a maximum of 15 days.

MISA members, 100% of the members ordinary daily remuneration up to a maximum of 10 days and 50% for the additional 5 days.

Accident Pay – 75% of the member’s ordinary daily remuneration up to a maximum of 40 days.

Maternity Pay – 30% of the member’s ordinary daily remuneration up to a maximum of 17 weeks.

Please note: Three (3) year contracts are for spray painters & automotive trimmers only

Formula and Examples for Calculation of Leave Pay:

To correctly calculate leave pay it is necessary, where applicable, to convert monthly salary to a weekly rate.

  • Conversion from monthly salary to weekly

Formula:

Monthly salary x 12 = weekly
52

Example
Monthly salary = R2000-00
R2000-00 x 12 = R461-54 per week
52

  • Calculation of accrued leave pay

Formula
No. of weeks worked x No. of weeks’ leave per annum x weekly wage ÷ by 52

Example 1

Employee is owed leave pay from 4.1.99 to 2.7.99 = 26 weeks
Qualifies for three weeks per annum.
Earns R450-00 per week.
26 x 3 x R450-00 = R675-00
52

 Example 2

Employee is owed leave pay from 4.1.99 to 2.7.99 = 26 weeks
Qualifies for four weeks per annum.
Earns R450-00 per week.
26 x 4 x R450-00 = R900-00
52

NOTE – In the case of motor vehicle and service supply salesmen weekly earnings must include average commission earned over the period for which leave pay is owed. This also applies when they proceed on annual leave.

Please click HERE for the Fund Rule.

To access all the claim forms for the above benefits, please click HERE.

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