Advertisement

Compensation Fund paid out more than R5m to date

Heading: 

Author: 

The Compensation Fund announced on Tuesday that it has received 7 966 Covid-19 claims to date.

To date, the fund has received 62% (4 929) of the claims, with Rand Mutual having received 35% (2 792) of the claims, while Federated Employers received 3% (23645).

 

 

To break it down, 4 548 claims were submitted by women while 3 418 were submitted by men, with a total amount of R5 007 464.01 paid out.

Here’s a quick breakdown of the payments:

  • R 664 322.20 was paid for temporary total disablement and this constitutes 13% of the total amount paid.
  • R 51 477.53 went to permanent disability lump sum and this constitutes just above 1% of the total amount paid.
  • R 1 015 555.16 paid out in medical aid costs and constitutes 20% of the total amount paid.
  • R 18 251.00 paid out in funeral costs and constitutes just below 1% of the total amount paid.
  • R3 257 858.12 paid out in dependents-benefit costs and constitutes 65% of the total amount paid.

From the total number of claims received, 4 574 have already been concluded while 3 392 are still awaiting a final decision. 

This comes after the Compensation Fund announced that it has put strict new measures in place to ensure better screening of claims and claimants.

Read also: UIF '100% sure' that TERS fraud won’t happen again

To date, the UIF has assessed 874 852 employer applications and paid out more than R43 billion to eligible employees.

In total, one million employers have submitted claims on behalf of 11 283 665 employees but 443 369 employees still need to be declared by their employers.

Until that happens, the claims will remain suspended.

“We still have about 443 369 undeclared employees whose April, May and June claims we could not process for payments, and we urge employers to make declarations either electronically on uFiling or by completing the UI-19 form to [email protected] in a case of fewer than 10 employees,” said the acting UIF Commissioner Marsha Bronkhorst.

Bronkhorst said the new measures have not only made the process smoother but have also weeded out undeserving claims, including those made on behalf of deceased persons, prisoners and other claimants who don’t qualify for the benefit.

Read Also: 

Advertisement

Comments


Advertisement