KZN Clothing Industry Provident Fund

About

The Kwazulu Natal Clothing Industry Provident Fund (National Bargaining Council for the Clothing Industry KZN Chamber Provident Fund) was started in 1961 to give workers in the clothing industry in Natal benefits when they retire, are disabled or die

The Council originated under the Industrial Conciliation Act of 1937 and was registered as an Industrial Council in 1935.

The Labour Relations Act of 1995 (the Act) created a new legislative framework whereby “Industrial Councils” became “Bargaining Councils.”

The National Bargaining Council for the Clothing Industry (KZN) administers the Provident Fund.

With effect from 5 May 2008, the Fund is governed by the Pension Funds Act, in terms of Pension Funds Act, No. 24 of 1956. The Fund will continue to operate under the framework of both the Pension Funds Act and, where applicable, the Labour Relations Act.