The Unemployment Insurance Fund (UIF) is reminding employers who make their payments through the UIF's bank contribution accounts to always use their correct UIF reference number when making these payments.
The UIF gives short-term relief to workers when they become unemployed or are unable to work because of maternity, adoption and parental leave, or illness. It also provides relief to the dependents of a deceased contributor.
Using the correct reference number ensures that employer records are kept up to date, as well as minimizing and preventing unallocated payments that the Fund is currently experiencing.
The banks associated with UIF include:
- ABSA
- FNB: Business
- FNB: Domestic
- Nedbank
- Standard Bank
Since the inception of the Temporary Employer/Employee Relief Scheme (TERS), the Unemployment Insurance Fund (UIF) has paid more than R63 billion in relief.
Last month, the UIF issued a notice to all employers to correct mistakes related to TERS claims as this was preventing claims from being finalized.
The fund provides a range of benefits to contributors who have lost income. These benefits cover individuals for illness leave, maternity leave, reduced work time, adoption leave, and parental leave.
The Department of Employment and Labour is urging companies to pay contributions to the UIF on time. Doing this will ensure that there are no delays in paying benefits to contributors.
If you have queries or concerns, you can contact the UIF’s toll-free call centre on 0800 030 007, as well as channels such as Twitter (@UIFBenefits), Facebook (@UIFZA) or Instagram (@UIF_Benefits).
