With MISA, you have a dynamic trade union on your side. Whether it’s a career glitch, a new baby, illness or an unfair labour practice, with MISA you are covered.
These benefits are included in your monthly contribution.
Subject to specified criteria relevant to each benefit.
Labour Assistance
Nedbank Private Wealth Retirement Option:
Making adequate provision for retirement should be a priority for all members. Nedbank Private Wealth, a high-end private bank which is part of the Nedbank Group, has developed an exclusive solution for MISA members. The normal minimum investment amount is R1 000 000, but MISA members are given the opportunity to invest from R500 000. While this investment opportunity is aimed at MISA members who are 55 and older, those members who are not yet 55, but who are prepared to invest the minimum amount, will also qualify. For more information, contact Deon Goosen 010 221 5819 or Paul Retief 010 221 5821 at Nedbank Private Wealth.
Last Will and Testament | Living Will
Domestic Workers: Service Contracts
Collective Bargaining
Exclusive sick leave benefits under the Sick, Accident and Maternity Benefit Fund.
Communication
Monetary benefits to Silver and Gold members, inclusive of your paid membership contribution as of 1 January 2023:
Subject to specified criteria relevant to each benefit.
MISA Benefit and Funeral Fund
If you make use of AVBOB (a preferred provider), claims will be guaranteed subject to specified conditions.
*For R5.50 per week more, members electing the Gold option will qualify for increased death and funeral benefits.
| 2023 Silver | 2023 Gold* | |
| Benefit Fund | ||
| The member | R55 000 | R65 000 |
| Funeral Fund | ||
| The member | R10 000 | R15 000 |
| The member’s spouse/partner | R10 000 | R15 000 |
| Children from 14 to 18 years of age, plus students and handicapped children over the age of 18 years | R10 000 | R15 000 |
| Children under 14 years of age | R7 000 | R9000 |
Additional Sick, Accident and Funeral Benefit to MISA Members at RMI establishments
- R20 000 death benefit to main member
- R10 000 funeral benefit to main member
- R10 000 funeral benefit to spouse
- R10 000 funeral benefit to children over the age of 18 years who are registered full time students
- R10 000 funeral benefit to children between 14 and 18 years
- R 7 000 funeral benefit to children under 14 years of age
New Extended Family Cover Benefit
In addition to your existing MISA Benefit & Funeral Cover, Gold & Silver Members can now apply for additional Funeral Cover for extended family members. Available from 1 January 2023.
R1 000
New Paternity Benefit to 1 000 eligible MISA Members for births as from 1 January 2023.
R3 000
Maternity Benefit.
R3 000
Retrenchment Benefit.
R3 000
Ill-health/disability Benefit.
R2 500
Healthy Women Benefit to 500 eligible MISA Members per annum. Applications open 1 January 2023.
R2 500
Healthy Member Benefit to 500 eligible MISA Members per annum. Applications open 1 January 2023.
Loyalty Benefit
2 000 successful members that apply will receive R 500. T’s & C’s Apply. Applications open 1 January 2023.
R10 000
MISA Bursaries to 150 eligible MISA Members’ children per annum towards tertiary education of R10 000 each.
R10 000
Study Assistance to 150 eligible MISA Members per annum to further their tertiary studies up to R10 000.
R1 000
MISA School Support Benefit to 1 000 eligible MISA Members whom have enrolled a child in grades 10, 11 or 12.
Contingency Reserve Fund
MIBCO provides financial support to members in the event of the liquidation of their employers’ business from this Fund. NOT APPLICABLE TO AFFILIATE MEMBERS
MISA Bronze Option
The Bronze Benefit Option provides only:
- Legal Advice
- Limited death and funeral benefits
Please contact our offices should you be interested in the Bronze Option.
Any member wishing to migrate upwards, note the following waiting periods:
| Waiting Periods | Silver to Gold | Bronze to Silver | Bronze to Gold |
| Death Benefit | 8 weeks | 13 weeks | 17 weeks |
| All other financial benefits | No waiting period | 13 weeks | 17 weeks |
| Funeral Benefit | No waiting period | No waiting period | No waiting period |
| Legal Services | No waiting period | No waiting period | No waiting period |
