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How is TERS payment calculated?

The salary to be taken into account in calculating the benefits will be capped at a maximum amount of R17 712.00 per month, per employee, and an employee will be paid in terms of the income replacement rate sliding scale (38% – 60%) as provided in the UI Act.

The maximum benefit for a high earner will, therefore, be 38% of R17712 a month, which amounts to about R6 730 a month depending on the number of days in the month. Read more

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