To calculate the full wage, we include the following –
– Overtime that is of a regular nature.
– Bonuses of a regular nature e.g. Annual Bonus.
– Commission of a regular nature.
– The cash value of food and quarters provided to employees as part of their remuneration package.
– Cash value of fringe benefits – company car, accommodation, reduced rates etc.
– Gross Earnings
– Earnings / Drawings paid to working Directors of a Company or Members of a Close Corporation.
The following is excluded –
– Payments of a reimbursement nature.
– Occasional Overtime.
– Ex-Gratia payments.
– Intangible fringe benefits such as the taxable portion of employer contributions to medical aid / pension etc.
– Payments to cover special expenses such as subsistence and travel costs, lunches etc.
– Travel and other occasional allowance.
– If a Director / Member’s only remuneration is profit sharing, the Director / Member is not an employee in terms of The COID Act.
Merit rebates are calculated according to your claims cost against your total premium paid. Should your claims cost be less than 10% of your premium, you may qualify for a rebate of up to 50%. As the claims cost increases, the merit rebate decreases.
If you are not satisfied with the service, you receive from FEM please report your experience on the complaints line, 24 hours a day, seven days a week. This can be done anonymously if required. The complaints line can also be used to report any fraudulent activities you may come across.
Toll free: 0800 007 705
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Travel from home to work is not covered under COIDA. Cover only commences once an employee enters the workplace to perform the duties they are employed to do. There are only certain instances when an employee is covered when traveling to work, e.g. working away
from their regular residence and site specific travel.