Contributions and Levies

Payouts Processing Procedures
e-Business Solutions
NBCRFLI Banking Details
Contributions And Levies

1. Leave Pay Fund

Who contributes?	How much	Note
Employer	Employees with less than 5 years continuous service 25% of the normal basic weekly wage. Employees with 5 years continuous service but less than 10 years continuous services 28,34% of the normal basic weekly wage. Employees with 10 years and longer completed continuous service 33,3% the normal basic weekly wage.	To be paid irrespective of the number of days worked during a specific period/month.

2. Holiday Pay Bonus Fund
Who contributes?	How much	Note
Employer	36,08% of each employee’s basic weekly wage.	To be paid irrespective of the number of days worked during a specific period/month.

3. Sick and Absence Fund
Who contributes?	How much	Note
Employer	20% of each employee’s basic weekly wage.	To be paid irrespective of the number of days worked during a specific period/month.

4a. Council Levies
Who contributes?	How much	Note
Employer	0,4% of each employee’s basic weekly wage for those whom minimum wages are prescribed.	To be used for Council expenses
Employee	0,4% of basic weekly wage for those whom minimum wages are prescribed.	To be used for Council expenses

4b. Council Levies (For the EBU)
Who contributes?	How much	Note
Employer	0,075% of employees basic weekly wage for whom no minimum wages are prescribed.	To be used for Council expenses
Employee	0,075% of employees basic weekly wage for whom no minimum wages are prescribed.	To be used for Council expenses

5. Wellness Fund
Who contributes?	How much	Note
Employer	1% of each employee’s basic weekly wage.
Employee	1% of basic weekly wage.	Portion to the Wellness Fund

​​​Contributions and Lev​ies

Contributions and Levies