We hope that you and your loved ones have been keeping safe and well over the past weeks. The COVID 19 pandemic is evolving and further affecting the lives and livelihoods of thousands of people and families locally and globally. In response to the impact of the pandemic, RMA has adapted its systems, processes and operations to ensure uninterrupted service to you as our customer.
It is that time of the year again when we determine your rates and premiums for the following year (2021). To ensure that we provide you with the most precise rates and premiums for next year, we would like to request that you provide us with the following:
- • Budgeted (estimated) earnings
- • Staff projections for 2021
The estimated earnings required are for all staff (permanent and temporary staff including management and working directors) within your organization. The deadline for submission is 30 June 2020.
Declaration of earnings.
Earnings provided will be used to determine your premium for the following year. It is therefore important that you provide us with the most accurate earnings and staff numbers. This will assist us in ensuring that we continue to deliver optimal customer service to you and your employees as they enjoy ongoing cover against occupational injuries and diseases and related insurance benefits.
How to submit earnings.
Earnings declared must be for the period of 1 January– 31 December 2021.
What happens if Earnings are not submitted?
In the unfortunate event that we do not receive your submission, we would apply an above inflation factor on the previously submitted Return on Earnings (ROE) to obtain your current estimated earnings, in line with the provisions of section (83)(6) of the Compensation for Occupational Diseases Act, 130 of 1993 as amended. This may also result in penalties being applied on your account. We therefore would like to encourage you to submit your estimated Return on Earnings for 2021 timeously.
We would like to thank you in advance for your participation during these challenging times, in meeting the deadlines as we work together to ensure accurate and fair assessments. For any enquiries, you may contact us on 0860 222 132 or email clientcare@randmutual.co.za.