Private security guards and cleaners have been camping outside the Gauteng Department of Health in Johannesburg and two other buildings nearby for 80 days. (Diphapang Potsane/Supplied)
Salt Employee Benefits, the Private Security Sector Provident Fund administrator (PSSPF), is greatly concerned by the growing number of non-compliant employers who exploit security guards by withholding money deducted from salaries and failing to contribute to their provident funds.
The PSSPF Fund aims to enhance the lives of private security officers and their families by ensuring that employer and employee contributions toward retirement, disability, and funeral benefits significantly improve their well-being upon reaching retirement age.
PSSPF CEO Khumbulani Moyo said, “The non-compliance and failure of employers to pay contributions in time and submit current information and schedules is still a big issue and a problem within the Fund to keep records up to date in line with the Financial Sector Conduct Authority (FSCA) regulations, as next to 60% comply with the FSCA regulations of submissions of schedules and proof of payments in each month.”
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