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Items filtered by date: July 2015
Wednesday, 22 July 2015 00:00

GSA & Others Commend NASSCORP

The General Services Agency (GSA) and two community-based organizations have lauded the National Social Security & Welfare Corporation (NASSCORP) for providing them assistance. The two community-based organizations are the Richards & Coleman Family Foundation, Inc. headquartered in the United States of America and the Joe Bar Community of Paynesville City, Liberia.

The commendations were contained in separate letters or appreciation addressed to the Directoy-General of NASSCORP, Dewitt vonBallmoos, by the organizations.

GSA, through its Director-General Mary T. Broh, expressed appreciation for the US$ 10,000.00 donated to the agency by NASSCORP, and indicated that the donation had made it possible for the agency to purchase four(4) mobile toilets which would be used primarily for Executive Meetings, State Functions and Cabinet Retreats.

"We are grateful for your generosity, your trust and most importantly you commitment to our mission" the letter continued. The letter noted that sponsorship was a great marketing initiative which had promoted NASSCORP as a corporate social responsibility champion in Liberia's corporate and social environment. "Once more thank you, and we look forward to you continued support," the GSA letter concluded.

For its part, the Richards & Coleman Family Foundation, Inc. thanked NASSCORP for the donation of US$5,000.00 which enabled the foundation to furnish the Christian A. Richards Elementary School, Clay-Ashland City, Liberia. The foundation indicated that without NASSCORP's assistance, it would not have been able to achieve "this most important need, to allow the youngest citizens of the city of Clay-Ashland to have a safe and healthy environment in which to obtain their education." 

"Thanks again for helping us take the children and teachers from the floors to some dignity, and we ask God's continuous blessings upon you and your entity, for willing to always be of assistance to those in need," the Richards & Coleman Family Foundation's  letter concluded.

Writing on behalf of Joe Bar Community of Paynesville City, Rev. Isaac Boe Doe expressed thanks and appreciation to the Board of Directors, the Director-General and Staff of NASSCORP for the contribution of anti-Ebola materials for the community's residents. Rev. Boe Doe hoped that God would bless and prosper every individual connected to "this noble entity".

NASSCORP has been receiving a round of praises for its humanitarian and financial assistance to needy individuals, communities and government agencies, with the latest coming from the Paynesville City Corporation.

 

Story by: The Public Affairs Department

Monday, 13 July 2015 00:00

2011 Annual Report

EXECUTIVE SUMMARY

This Annual report covers the period January 1 to December 31, 2011, and is in fulfillment of the statutory requirement that Management, under the supervision of the Board of Directors, submits an annual report to the President of Liberia. The report catalogs activities, achievements and challenges encountered in the reporting period. It further reflects salient activities, achievements and challenges of the past six years (2006-2011). Some of the results presented in this year's report clearly signal the growing confidence that employers and employees have in the revived social security program of Liberia.

Established by an act of the National Legislature on July 10, 1975, the National Social Security and Welfare Corporation (NASSCORP) is mandated to administer three schemes: the Employment Injury Scheme (EIS), the National Pension Scheme (NPS) and the Welfare Scheme (WS). Both the Employment and Injury Scheme and the National Pension Scheme are contributory. The Welfare Scheme is non-contributory, but has not yet been funded by Government.

The social security program of Liberia as established by the Act creating NASSCORP, is a tripartite arrangement amongst the Government, Employers and Employees.

The accountants and financial statements of the EIS and NPS, ins accordance with the Act, are kept and prepared separately before consolidation. This report presents the consolidated results of bothe Schemes.

Click to Download 2011 Annual Report

Monday, 13 July 2015 00:00

2012 Annual Report

EXECUTIVE SUMMARY

In adherence to the Institution's statute, the Management of the National Social Security and Welfare Corporation, under the supervision of the Board of Directors, is required to submit an annual report to the President of Liberia. This report covers the period January 1 to December 31, 2012. The report catalogs the operational and financial performance, key activities and milestones for the period. The report also highlights major challenges and presents Management's perspective and outlook for the coming year.

The performance of the corporation is evaluated and measured in the context of broader national objectives and priorities addressing issues on economic development and poverty alleviation, etc. The year 2012 marks the fourth year of the corporation's Five-Year Strategic Plan which established an aggressive agenda for rebuilding the National Pension Scheme following a protracted period of civil crisis. This year's report clearly reaffirms the growing confidence that employees and employers have in the revived social security program of Liberia.

Click to Download 2012 Annual Report

Monday, 13 July 2015 00:00

2013 Annual Report

EXECUTIVE SUMMARY

The Executive Summary of the 2013 Annual Report of the National Social Security and Welfare Corporation (NASSCORP) is submitted in adherence to the Act establishing the Corporation. The Act mandates that Management, under the supervision of the Board of Directors, shall submit an annual report to the President of Liberia on the affairs of the Corporation.

This report, which covers the period 1 January to 30 December 2013, catalogs key activities and major achievements of the Corporation. The document also highlights major challenges and presents Management's perspective and outlook for the medium term.

The performance of the Corporation during the period is assessed in the context of broader national objectives and priorities of the Government in consonance with its statutory mandate. The year 2013 marks the final year of the Corporation's Five-Year Strategic Plan which established an aggressive agenda for rebuilding the two operating schemes following a protracted period of civil unrest.

This years reports reflects on the performance of the Corporation relative to the targets and objectives set out at the beginning of the Strategic Plan. Also, 2013 marked the start of the implementation of the Corporation's reform agenda which involves fundamental changes in the existing Social Security Program and Legislation.

Click to Download 2013 Annual Report

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Mission & Vision

Our mission is to provide future financial security for those under the schemes - employees of both the public and private sectors of Liberia in the event of occupational injury, old age, invalidity or death.

As a vision we will strive at all times for corporate excellence in providing quality social protection services through the following: quality staff, sound financial management, high yield and viable short-medium term investments, effective and efficient monitoring and evaluation system.

Guides To NASSCORP Schemes

Each one of us works to earn an income. In fact, ...
The 1975 Act establishing the National Social ...