Business Daily | by Constant Munda
Salaried employees in the formal sector face deductions from their pay slips towards a planned special fund by the Treasury, which is aimed at cushioning workers involuntarily squeezed out of employment.
The Treasury has revealed in its post-Covid recovery blueprint that it intends to create an Unemployment Insurance Fund (UIF) to give short-term relief to workers who lost their jobs or are unable to work due to illness.
The plan will see employees contribute one per cent of their pay that will be matched up by employers…
