The Workers Compensation Act, 2008 was finally given some teeth to chew as announced by the Minister for Labour and Employment during her 2014/15 speech to announce her ministry’s budget. This was effective from 1 July 2014.
Employers in the private sector are required to contribute 1% of their gross wage bill to the fund while employers in public entities are to contribute 0.5% of their gross wage bill.
Several clients have inquired on the method of contributing to the fund as there is very little public education on how the fund will operate. This prompted us to post this guidance.
Previously, employers could cover their employees using an insurance cover. Employers will now have to contribute directly to the fund.
Click here for details on how to register with and contribute to the fund.
For further information or assistance feel free to contact us.
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