nssf pays: q1 july - september 2012 report

NSSF PAYS CAMPAIGN

QUARTERLY REPORT

JULY 2012 – SEPTEMBER 2012

NSSF has over the years been perceived by its members as an

institution that does not pay members their savings even when

they meet the qualifying requirements. It is believed that NSSF

pays out only when a member dies.

Below are the statistics showing the types of Benefits offered by NSSF, the

amounts and numbers of members paid per Benefits type:-

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

Amounts Paid Per Benefit Type

Age Benefit40%

Withdrawal Benefit22%Exempted

Employment Benefit

10%

Emigration Grant17%

Survivors Benefit5%

Invalid Benefit6%

Total amount paid: 36.6 bn NSSF PAYS: Q1 JULY – SEPT 2012

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Number Paid Per Benefit Type

Total Beneficiaries paid: 3,526

0

200

400

600

800

1000

1200

1400

Age benefit Withdrawal Benefit

Exempted Employment

Benefit

Emigration Grant

Survivors Benefit

Invalid Benefit

1245

812

611

177302

379


NSSF PAYS: Q1 JULY – SEPT 2012

Average Time Taken To Process A Benefits Claim

36

26

21

0

5

10

15

20

25

30

35

40

July August September


NSSF PAYS: Q1 JULY – SEPT 2012

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


http://www.nssfug.org/

nssf pays: q1 july - september 2012 report

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