African Personnel Services sets up pension fund

LABOUR-HIRE company African Personnel Services (APS) has set up a pension fund for people it has employed for more than six months.

Addressing a press briefing yesterday, APS Financial Manager Robert de Villiers said the fund would provide retirement, death and accidental hospitalisation benefits. It was set up after workers and labour unions requested better benefits for APS employees, he said.Workers will have to contribute a monthly amount of N$40, which will be automatically deducted from their wages and paid into the pension fund.APS will contribute a monthly sum of N$60 per worker.It was set up after workers and labour unions requested better benefits for APS employees, he said.Workers will have to contribute a monthly amount of N$40, which will be automatically deducted from their wages and paid into the pension fund.APS will contribute a monthly sum of N$60 per worker.