Posts

AUGUST 2020 – MAURITIUS

PORTABLE RETIREMENT GRATUITY FUND & NPF/NSF

It is important that employers note the following:

Changes to Portable Retirement Gratuity Fund and NPF/NSF contributions announced

Portable Retirement Gratuity Fund (PRGF)

The Worker’s Rights (Portable Retirement Gratuity Fund) (Amendment) Regulations 2020 has been published in Government Notice No. 123 of 2020. The amendment includes the extension of the implementation date of the PRGF to January 2021.

Earlier in the year, the effective date of 1 January 2020 was postponed to 1 April 2020 to give employers the opportunity to prepare for the implementation.

National Pensions Fund (NPF) and National Savings Fund (NSF)

On 27 July 2020 the Mauritius Revenue Authority (MRA) published a notice to inform employers that the minimum and maximum basic wage on which contributions to the NPF and NSF are payable have been reviewed

Effective 1 July 2020, the minimum and maximum wages for contributions are as follows:

Contact our legislation team at info@crs.co.za if you require any additional information.
© 2020 C
RS Technologies (Pty)Ltd. All Rights Reserved.

Inspired, engaged and rewarded employees
CONTACT INFORMATION
Tel: +27 11 2594700
Email: info@crs.co.za

Centric House, Mellis Court, Mellis Road
Rivonia 2191