The NSSF offers six types of benefits: 1) Age Benefit, 2) Withdrawal Benefit, 3) Exempted Employment Benefit, 4) Emigration Grant, 5) Survivors Benefit, and 6) Invalidity Benefit. The largest percentage of amounts paid were for Age Benefits (29%) and Withdrawal Benefits (26%). The greatest number of individuals receiving benefits were for Age Benefits (863) and Withdrawal Benefits (756). The average time taken to process benefits claims was lowest in January (10 days) and highest in March (24 days).
2. NSSF offers six (6) Benefits types as follows:
1. Age Benefit: Paid to members who are 55 years
2. Withdrawal Benefit: 50 years and out of employment
3. Exempted Employment Benefit: Paid to members subscribing to
another pension scheme
4. Emigration Grant: Paid to Members who are Permanently relocating
to another country
5. Survivors Benefit: Paid to the dependents of the deceased
6. Invalidity Benefit: Paid to a person who is incapacitated for gainful
employment
3. Amounts Paid Per Benefit Type
Age Benefit
29%
Emigration
Grant
7%Exempted
Employment
20%
Invalidity Benefit
11%
Survivor Benefit
7%
Withdrawal
Benefit
26%
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4. Number Paid Per Benefit Type
863
216
576
330
218
756
100
400
700
1,000
Age Benefit Emigration Grant
Benefit
Exempted
Employment
Benefit
Invalidity Benefit Survivor Benefit Withdrawal Benefit
Number Paid Per Benefits Type
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5. Average Time Taken To Process A Benefits Claim
10
12
14
16
18
20
22
24
JAN FEB MARCH
2013
TAT
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6. For more information on how you can qualify for your Benefits,
visit any of our NSSF Branches
or visit our website www.nssfug.org
or contact us on our toll free line 0800286773
or on any of our social networks below
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