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NSSF should sensitise contributors on many issues

By Vision Reporter

Added 23rd December 2010 03:00 AM

EDITOR: I recently saw an NSSF advert in the papers that called upon employees to ‘blow the whistle’ against an employer who is not registered and not remitting their employees' savings with NSSF.

EDITOR: I recently saw an NSSF advert in the papers that called upon employees to ‘blow the whistle’ against an employer who is not registered and not remitting their employees' savings with NSSF.

EDITOR: I recently saw an NSSF advert in the papers that called upon employees to ‘blow the whistle’ against an employer who is not registered and not remitting their employees' savings with NSSF.

This is a good initiative. However, I do not know what company or organisation that is eligible to remit employees' savings to NSSF. What sort of company qualifies to pay NSSF? What is the minimum number of employees should a company have to qualify? Are part-time employees supposed to contribute to NSSF? Are there any short- term benefits of saving with NSSF?

What is the money we save used for?
Under what circumstances does an employee claim his or her savings?

If we are entrusting NSSF with our money every month, we need to be well informed about what exactly our money is being invested in, how this is beneficial to us, etc.

It is important that NSSF sends out reassuring and informative communications to its contributors to allow us to build enough trust to willingly participate in some of these great initiatives.

Charles Edwin Bbanda
bbandac@gmail.com

NSSF should sensitise contributors on many issues

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