(Engineering Industries Pension Fund / Metal Industries Provident Fund)
As per the main agreement amendment regarding the Annual Contribution Increase programme gazetted on 3rd August 2012 (MIPF – Government Notice R.596) the contribution rates from both funds will increase with effect 1 July 2015.
The contribution rate for both employee and employer will increase from the current 6.9% to 7% of pensionable remuneration.