Compensation Fund employer info sessions winding off in Cape Town
The Compensation Fund employer briefing sessions are to come to an end in Cape Town on Wednesday.
The focus of the sessions is on the newly-proposed employer’s assessment model under Compensation for Occupational Injuries and Diseases Act (COID)
The Fund has recently published the newly proposed Employers Assessment Model in the Government Gazette in response to concerns raised by employers about the current assessment model
The benefits of this assessment model as outlined by the Compensation Fund and Mutual Associations are that :
- It will assist in complying with the relevant Accounting Standards and reduces losses due to fraudulent activities.
- It will ensure that the implementation of the regulation will bring about the improvement on service delivery and more effective enforcement.
As far as Employers and Employees, the Fund says:
- The registration process will be easy and accurate for employers and lead to accurate billing.
- The complaints from employers will be effectively addressed improving the current turn around period for class and subclass changes.
- As a results employees will benefits through improved access to social security
The event will be held at Cape Town Sun square City Bowl
The media is invited, with sessions taking place between 09:00 and 11:00.
Enquiries:
Franco Mabuya
Cell: 060 989 8675
E-mail: Franco.mabuya@labour.gov.za
Teboho Thejane
Cell: 082 697 0694
