The Compensation Fund has released critical updates for employers that directly affect compliance, registration, and Return of Earnings (ROE) submissions in June 2025.
Key updates include:
- Revised ROE submission deadlines – Ensure your returns are submitted on time to avoid penalties.
- New payroll documentation requirements – Supporting documents must now meet updated standards.
- Extended validity of Letters of Good Standing – Giving employers more flexibility in maintaining compliance.
- Enhanced verification processes – The Fund will be conducting more stringent compliance checks.
Employers are urged to review these developments carefully and share them with their HR and finance teams to ensure continued compliance. Failing to adhere to these updates could result in fines or a loss of good standing status.