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Items filtered by date: August 2017
Wednesday, 30 August 2017 00:00

NASSCORP EDUCATES EMPLOYEES ON NEW ACT

In a bid to have its employees understand the new Act so that they can explain it to the Liberian workers and the general public, the National Social Security & Welfare Corporation (NASSCORP) recently conducted two-week training for employees on the New Act.

The New Act replaces the People’s Redemption Council (PRC) Decree No. 14, the operating law of NASSCORP for the past 37 years.

The training, conducted by the Division of Public Information, Education & Training (PIET), focused on the highlights of the new law, including extension of coverage, contribution rate, pension vesting period and payment of survivor’s pension.

Other changes discussed during the training included abolition of civil service pension and the incorporation of same into the National Pension Scheme run by NASSCORP, the dropping the recondition for widower’s benefit and the abolition of refund to employers and employees who have contributed to the scheme, and the new rate funeral grant set at US$500 across the board.

The training was conducted from April 18-27, 2017 and brought together coordinators, assistant coordinators, assistant directors, executive secretaries, officers, assistants, driers cadets and contractors.  

According to lead facilitator Isatu Ville-Cheeks, under the new law, contribution will be increased from 7.75% to 10%. Under this arrangement, employers will pay 2% towards Employment Injury Scheme (EIS) and Employers and Employees will pay 4% each under the National Pension Scheme (NPS).

Tuesday, 29 August 2017 00:00

PUBLIC SERVICE ANNOUNCEMENT

PUBLIC SERVICE ANNOUNCEMENT

 

The National Social Security & Welfare Corporation (NASSCORP) informs all retirees of the Government of Liberia (GOL) Pension Program that in February 2017, a new NASSCORP Act was enacted into law, transferring the administration of GOL Pension from the Civil Service Agency (CSA) to NASSCORP.

In order to pay the right benefits to the legitimate beneficiaries, a joint team from the CSA and NASSCORP will carry out a vetting and validation exercise of all persons currently enrolled under the GOL Pension Program across the country.

The purpose of this exercise is to establish a biometric identification system to ensure that all former civil and public servants on the GOL pension payroll are legitimate beneficiaries, and to establish a CLEAN LIST, capturing employees’ biometric data to issue them biometric ID cards.

Beneficiaries in the following categories are required to submit the below-listed documents:

Primary Beneficiary

·        Former employer pension letter (original and 1 photocopy)

·        Pension certificate (original and 1 photocopy)

·        Pension payroll ID card (original and 1 photocopy)

·        Social Security ID card (If receiving benefits – original and 1 photocopy)

·        2 passport-size photos

 

Survivor

·        ) Primary beneficiary’s former employer pension letter (original and 1 photocopy

·        Primary beneficiary’s pension certificate (original and 1 photocopy)

·        Death certificate (primary beneficiary – original and 1 photocopy)

·        Marriage certificate (for survivor child)

·        Pension payroll ID card (original and 1 photocopy)

·        Social Security ID card (If receiving benefits – original and 1 photocopy)

·        2 passport-size photos

 

A joint CSA and NASSCORP validation team will be in the various counties to capture the biometrics of GOL pensioners. GOL pensioners are therefore urged to converge on the locations near them to do their biometrics as per the following schedule:

VETTING AND VALIDATION SCHEDULE

 

MARGIBI COUNTY

27 AUGUST – 07 SEPTEMBER 2018

 

VETTING EXERCISE AT THE NASSCORP OFFICE IN KAKATA, MARGIBI COUNTY

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

MONTSERRADO COUNTY

27 AUGUST – 24 SEPTEMBER 2018

     

VETTING EXERCISE IN MONROVIA AT WILLIAM V.S. TUBMAN HIGH SCHOOL

TIME – 9:00 AM – 5:00 pm (Monday to Friday)

 

BOMI/GRAND CAPE MOUNT COUNTIES

10 SEPTEMBER – 19 SEPTEMBER 2018

 

VETTING EXERCISE IN TUBMANBURG, BOMI COUNTY AT  NASSCORP OFFICE

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

GBARPOLU COUNTY

20 SEPTEMBER – 24 SEPTEMBER 2018

 

VETTING EXERCISE IN BOPOLU, GBARPOLU COUNTY AT DESIGNATED  LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

GRAND BASSA COUNTY

27 AUGUST – 11 SEPTEMBER 2018

 

VETTING EXERCISE IN BUCHANAN, GRAND BASSA COUNTY AT NASSCORP OFFICE

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

RIVERCESS COUNTY

12 SEPTEMBER – 19 SEPTEMBER 2018

 

VETTING EXERCISE IN CESSTOS CITY, RIVERCESS COUNTY AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

20 SEPTEMBER – 24 SEPTEMBER 2018

 

VETTING EXERCISE IN YARKPAH’S TOWN, RIVERCESS COUNTY AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

MARYLANDCOUNTY

27 AUGUST – 01 SEPTEMBER 2018

 

VETTING EXERCISE AT THE NASSCORP OFFICE IN HARPER, MARYLAND COUNTY

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

RIVERGEE COUNTY

03 SEPTEMBER – 08 SEPTEMBER 2018

 

VETTING EXERCISE IN FISHTOWN, RIVER GEE COUNTY AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)

 

GRAND KRU COUNTY                    

10 SEPTEMBER – 12 SEPTEMBER 2018

 

VETTING EXERCISE IN BARCLAYVILLE, GRAND KRU COUNTY AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm

 

 

SINOE COUNTY

14 SEPTEMBER - 17 SEPTEMBER 2018

 

VETTING EXERCISE IN GREENVILLE, SINOE COUNTY AT THE NASSCORP OFFICE

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

GRAND GEDEH COUNTY

19 SEPTEMBER - 24 SEPTEMBER 2018

 

VETTING EXERCISE IN ZWEDRU, GRAND GEDEH COUNTY AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

NIMBA COUNTY

27 AUGUST – 01 SEPTEMBER 2018

 

VETTING EXERCISE AT THE NASSCORP OFFICE IN GANTA, NIMBA COUNTY

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

03 SEPTEMBER – 08 SEPTEMBER 2018

 

VETTING EXERCISE IN SACLEPEA, NIMBA COUNTY AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

                       

10 SEPTEMBER – 15 SEPTEMBER 2018

 

VETTING EXERCISE IN TAPPITA 1, NIMBA COUNTY AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)

9:00am to 2:00pm (Saturday)

                       

17 SEPTEMBER - 19 SEPTEMBER 2018

 

VETTING EXERCISE IN SANNIQUELLIE AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)

 

20 SEPTEMBER - 24 SEPTEMBER 2018

 

VETTING EXERCISE IN GANTA, NIMBA COUNTY AT NASSCORP OFFICE

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

 

 

BONG COUNTY

27 AUGUST – 07 SEPTEMBER 2018

 

VETTING EXERCISE AT THE NASSCORP OFFICE IN GBARNGA, BONG COUNTY

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

 

LOFA COUNTY

10 SEPTEMBER – 15 SEPTEMBER 2018

 

VETTING EXERCISE IN VOINJAMA, LOFA COUNTY AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)

                        9:00am to 2:00pm (Saturday)

                       

17 SEPTEMBER – 24 SEPTEMBER 2018

 

VETTING EXERCISE IN ZORZOR, LOFA COUNTY AT DESIGNATED LOCATION

TIME – 9:00am to 5:00pm (Monday to Friday)     

9:00am to 2:00pm (Saturday)

                       

The cooperation of all concerned is highly solicited.

 

Signed: THE MANAGEMENT

Pursuant to "AN ACT TO REPEAL DECREE NO: 14 OF THE PEOPLE'S  REDEMPTION COUNCIL OF THE ARMED FORCES OF LIBERIA AND TO CREATE A NEW CHAPTER 89 OF THE EXECUTIVE LAW ESTABLISHING THE NATIONAL SOCIAL SECURITY AND WELFARE CORPORATION OF THE REPUBLIC OF LIBERIA" passed by the Honorable National Legislature of the Republic of Liberia and approved on December 27, 2016 by Her Excellency the President of the Republic of Liberia, Madam Ellen Johnson Sirleaf and printed in to Handbill on February 13, 2017; the Management of the National Social Security and Welfare Corporation (NASSCORP) wishes to inform all employers and employees covered by its Pension and Employment Injury Schemes of the following adjustments in contribution as per section 89.16(a) of the New Chapter 89 of the Executive Law:

"The contribution payable under this ACT in respect of an employee shall comprise contribution payable by the employer (hereinafter referred to as employer's contribution) and contribution payable by the employee (hereinafter referred to as the employee's contribution) and shall be paid to the Corporation. Contribution rate shall be total of 10% of the total gross remuneration of each employee; 2% under the Employment Injury Scheme payable by the employer; 4% employer contribution and 4% employee contribution to be remitted by the employer."

Notwithstanding the above and in an effort to allow for adequate education for employers and employees about the New Chapter 89 of the Executive Law and to provide time for employers to plan their respective budgets in order to accommodate the adjustments in contribution, the Management is pleased to inform all contribution paying institutions that Section 89.16(a) as quoted above will become effective on 1st July A.D. 2018. This means that the increment in total contributions from 7.75% to 10% will not take effect until 1st July 2018. Please be advised that all other Provisions of the New Chapter 89 of the Executive Law are in full force.

Signed : MANAGEMENT

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

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