MIBFA — contributions, benefit statements and payroll
MIBFA (Metal Industries Benefit Funds Administrators) is a non-profit company that administers the retirement, disability and sick pay funds for employers and employees in the South African steel and engineering industries. Employers covered by the MEIBC Main Agreement deduct the fund contributions on payroll and pay them to MIBFA every month.
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Last updated 11 Nov 2026
Which funds does MIBFA administer?
MIBFA acts as the appointed administrator for the industry's benefit funds. The boards of trustees remain responsible for the funds; MIBFA keeps member records, collects contributions and pays benefits.
- Engineering Industries Pension Fund (EIPF)
- Metal Industries Provident Fund (MIPF)
- Metal and Engineering Industries Permanent Disability Scheme
- MEIBC Sick Pay Fund
MIBFA contribution rates
Contributions are calculated on pensionable remuneration: wages for ordinary hours worked. Overtime, shift allowances, other allowances and holiday leave bonuses are excluded.
MIBFA publishes the employee rate as 7.5% of pensionable remuneration. The employer rate is set by the fund's actuary as a percentage of the pensionable salary bill. For the Engineering Industries Pension Fund, MIBFA lists 8.30% for 1 July 2025 to 30 June 2026 and 8.50% from 1 July 2026.
Rates change each July, so check the current schedule on mibfa.co.za before the July pay run.
- Employee: 7.5% of pensionable remuneration
- Employer (EIPF): 8.30% until 30 June 2026, 8.50% from 1 July 2026
- Pensionable remuneration = ordinary-hours wages only
- Excluded: overtime, shift and other allowances, holiday leave bonus
How to get your MIBFA statement
Members can view their benefit statement and two-pot savings information on the MIBFA member portal at mibfa.co.za, using their ID number and a password.
To get a password, phone the MIBFA call centre on 0860 102 544, or ask your HR or payroll department to phone for you. If your name, ID number or years of service are wrong on the statement, complete MIBFA's Benefit Statement Query Form and email it with a copy of your ID to recordmaintenance@mibfa.co.za.
- Member portal: mibfa.co.za (ID number + password)
- Call centre: 0860 102 544
- Head office: 42 Anderson Street, Johannesburg, tel 011 870 2000
- Corrections: Benefit Statement Query Form to recordmaintenance@mibfa.co.za
What employers must do on payroll
If your business falls under the Metal and Engineering Industries Bargaining Council, each payslip must show the employee's fund deduction, and the employer contribution must be paid with it. Missing or wrong service records are the most common reason members find gaps on their MIBFA statement.
- Deduct the employee contribution every pay period
- Add the employer contribution on the pensionable salary bill
- Submit the contribution schedule and payment to MIBFA monthly
- Keep each employee's ID number and start and end dates correct
- Show retirement contributions on the IRP5 under the correct source codes
MIBFA and the two-pot system
MIBFA's pension and provident funds follow the two-pot retirement system that started on 1 September 2024. Members can see their savings component on the member portal. Withdrawals are made through the fund, not through the employer's payroll.
Frequently asked questions
Related guides
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