The Clothing Industry (Northern Chamber) Provident Fund (“CINCPF”) was established on 2 August 1957. It exists as part of the National Bargaining Council for the Clothing Manufacturing Industry Collective Fund Agreement for the Northern Region.

Who must join the Fund?

• All persons who were Members of the Fund immediately prior to 5 May 2008 and were still in the service of a Participating Employer on 5 May 2008 had to remain on the Fund.
• All employees of Employers in the Clothing and Knitting Industries that falls within the scope of the National Main Collective Agreement of the National Bargaining Council of the Clothing Manufacturing Industry, unless such an Employer has been granted exemption from joining the Fund through the Fund’s Exemptions Committee.
• Companies in associated industries may apply to join the Fund.

Overview

The Fund is a Defined Contribution Provident Fund, which means that the contribution levels (both member and employer) to the Fund are defined at the outset and only changed by way of agreement between the Participating Employers and Union from time to time.

The combined contribution, net of the cost of the risk benefits and Fund’s operating expenses, is invested on behalf of the members to accumulate value, that will ultimately be paid to members as their retirement benefit or such other benefit, should it become payable prior to a member’s retirement.

Objectives

The Fund’s primary objective is to provide good retirement benefits for members reaching retirement age. Additional benefits are in place to provide assistance for members’ dependants should the member die, and for the member, should he/she become permanently disabled as a result of illness or an accident.