How do I claim my MIBCO provident fund

By Page Ly •  Updated: 07/11/20 •  3 min read

MIBCO known in full as the Motor Industry Bargaining Council, is an organization created to enable employees in the motor industry to have a better life. It does this with the help of employers who payout 15.5% of their employee’s salary into their MIBCO account. Unlike taxes, the money does not go to government coffers but to your MIBCO provident fund account. 

You can claim this money for any number of reasons which include; sick leave, an injury leave, maternity leave, upon retirement, upon resignation from a company, and a host of other reasons. 

In this article, we’ll discuss the requirements and step-by-step guide 2023 to claim your MIBCO provident fund. 

MIBCO Requirements 

The following are the requirements you need to present before accessing your MIBCO provident benefit. 

Note

If you longer work at a company, you can contact their human resource (HR) department to know into which account your MIBCO fund is deposited and the company’s registration information. 

You can contact customer service at the MIBCO office before that time-lapse to know how it is going.

Next steps 

MIBCO provident fund is your money that has accumulated over time. It will be paid to you in bulk upon request instead of in parts like a pension. You can use the funds to take care of an emergency, take yourself on holiday with the additional holiday pay funds, or foot the bills of a deceased loved one with their death benefits. 

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