nssf pays: q2 october - december 2012 report

NSSF PAYS CAMPAIGN

QUARTERLY REPORT

OCTOBER 2012 – DECEMBER 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

Total amount paid: 32.0 bn NSSF PAYS: Q2 OCT – DEC 2012

Age Benefit39%

Withdrawal Benefit29%

Exempted Employment

Benefit9%

Emigration Grant12%

Survivors Benefit4%

Invalid Benefit8%

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Number Paid Per Benefit Type

Total Beneficiaries paid: 2,636

0

100

200

300

400

500

600

700

800

900

Age benefit Withdrawal Benefit

Exempted Employment

Benefit

Emigration Grant

Survivors Benefit

Invalid Benefit

843

637

440

164

265 287


NSSF PAYS: Q2 OCT – DEC 2012

Average Time Taken To Process A Benefits Claim

21

20

22

19

19.5

20

20.5

21

21.5

22

22.5

October November December


NSSF PAYS: Q2 OCT – DEC 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: q2 october - december 2012 report

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