The BIBC Bonus Fund provides employees with additional financial rewards, recognising their contributions and dedication.
BIBC Bonus Fund – Misconduct & Refunds. As of 24 July 2023, employees dismissed for misconduct are not eligible for a bonus. This Practice Note outlines the fairness criteria for such dismissals and guides employers on how to claim a refund of Bonus Fund contributions for these employees.
This document is a Newsflash to Employers issued by the Building Industry Bargaining Council (BIBC), dated February 14, 2019. It outlines significant changes to the taxation of employer contributions to Bargaining Council funds, following the enactment of the Taxation Laws Amendment Act of 2018.
