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Client Updates

Feb 09, 2016

Client Update | Amendment 12 to the Supervision of Financial Services Law and Annual Client Update

On August 5, 2015, the Supervision of Financial Services Law (Provident Funds) (Amendment No. 12) – 2015, was published.  The law established an obligation of employers to equalize their pension contributions to all pension arrangements. The amendment entered into effect on February 5, 2016.

2015 has ended, and as is our custom every year-end, we have provided our clients with a concise overview of the updates and changes in the field of labor law from the past year.  We recommend that you review them and implement them if necessary. These updates relate to the “hot” topics in the field of labour law right now such as consultants and service contractors, hours of flight, the pension reform, internal employee committees and more.  

To read the full client update please click here.