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Announcement - ZA Customer Communication - Unemployment Insurance Fund
Dear Customer
The Unemployment Insurance Amendment Act (“UIAA”) was signed into law by the President on 19 January 2017. An effective date was however not specified within the UIAA itself.
One of the amendments that the UIAA introduced was the “Reduced Working Hours” benefit.
Any contributor, who is still employed, but whose income is reduced as a result of a reduction in working hours, will be entitled to this benefit if the contributor’s total income falls below the benefit level that the contributor would have received had they become fully unemployed.
In terms of the Unemployment Insurance Fund regulation issued by the Minister of Labour: