The NSSF is a provident fund that covers employees in the private sector including 'Non-Government Organisations' that are not covered by the government's pension scheme. The fund is a contributory scheme, funded by contributions from employees and employers of 5% and 10% respectively, calculated in reference to an employee's gross monthly earnings. (NSSF).
NSSF benefits
Membership of the NSSF fund, provides individuals with access to a number of desirable benefits, including:
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•ÌýÌýÌýÌý Age benefit
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Paid to members who have reached the retirement age of 55. Age benefit can also be claimed on attaining the age of 50, provided the claimant has retired from employment.
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•ÌýÌýÌýÌý Survivors benefit
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Paid to the immediate surviving family (spouse and children) of the deceased member. In
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Web page updated on 28 Aug 2024 12:20