Compensation Fund – Extension of the Deadline Date for ROE Submissions
The Compensation Fund notified the PAGSA today of the issue of Government Gazette No. 48673 dated 30 May 2023.
There are other details in this Gazette that have been repeated from earlier notices and that have been queried previously by the PAGSA. At the time of writing, we are still waiting for a response from the Fund’s legal advisors.
Points a) and b) in this latest notice are the important ones:
The first point finally clears up the uncertainty regarding the Compensation Fund Earnings Threshold for the 2023 year of assessment (2023/24) and confirms our understanding as published in PAGSA NF 2023-16 COID Earnings Threshold for 2023.
The extension of the ROE Submission deadline date from 31 May to 30 June 2023 in the second point is self-explanatory, and probably results from the recent difficulties with certain aspects of the Fund’s IT systems that seem to have been resolved.
Chairman Payroll Authors Group of South Africa
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