The National Social Security and Welfare Corporation (NASSCORP) has responded to the outbreak of the deadly Ebola Virus in Liberia as part of its corporate social responsibility. This response dates back to May, 2014, when it donated 12 bales of used clothing to quarantine centers around the country.
NASSCORP also contributed L$8.3 million or US$100,000 to the National Task Force on Ebola in July, 2014, when the spread of the virus intensified. The corporation also contributed L$4.15 million or US$50,000 to the Ministry of Health and Social Welfare's Task Force to enhance its capacity.
Social Security administration worldwide, established to deal with future insecurity or vulnerability, continue to impact the lives of millions of people. Under a social security program, benefits are provided to cater to job-related injuries, old-age retirement and welfare.
Since its inception, the social security system has provided income and health care at critical and vulnerable periods for its covered population, and has contributed significantly to social cohesion and stability, while helping ensure peace and development.
The Act creating the National Social Security and Welfare Corporation (NASSCORP), first passed by the National Legislature on July 10, 1975, and re-instituted in 1980, by the People Redemption Council's (PRC) Decree No.14, provides future financial security for insured employees and their dependents.
This provision applies in the event of loss of natural ability to earn income, temporarily or permanently due to work-related injury, occupational disease, old-age, invalidity or death. The Act considers NASSCORP as a caring and responsive social security institution, providing for its covered population.
The National Social Security & Welfare Corporation (NASSCORP) on Friday, June 6, 2014 dedicated its multi-purpose commercial complex located at the ELWA Junction as a component of its investment portfolio.
The US$11 million multi-purpose complex as given a mammoth face-lift to the ELWA Junction and brought a new ideal and flavor in the construction landscape of the county.
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2013 Annual Report
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2011 Annual Report
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