- Monday, 06 April 2015
2.0 The Establishment of NASSCORP
The National Social Security & Welfare Corporation (NASSCORP) is an autonomous public institution charged with implementing three schemes designed to provide social security protections to eligible formal sector workers. These schemes are: (a) Employment Injury Scheme or EIS which was launched February 1, 1980; (b) National Pension Scheme or NPS which was launched September 1, 1988; and (c) Welfare Scheme or WS which is yet to be launched. These three schemes constitute the Social Security Program in Liberia.
The EIS is a social security program available to all persons working for a registered employer. It is designed to provide cash and and material benefits to take care of employees who sustain injuries or become disabled as a result of job-related accidents or occupational diseases.
The NPS is a social security program designed to provide cash benefits to individuals who had to stop working for registered entities as a result of illness or disablement, to elderly persons who can no longer work; and to survivors of deceased insured persons.
NOTE:The Welfare Scheme is not yet in operation.
2.1 Administration of the Schemes
NASSCORP is a public Corporation supervised by an 11-member Board of Directors representing the government, employers and workers. The management of the Corporation is headed by the Director General, assisted by the Deputy Director General and a team of managers.
NASSCORP has Regional Offices located in strategic areas of the country. The locations of regional offices are shown on the table below.
REGION LOCATION COVERAGE AREA 1A & 1B Monrovia Montserrado County 2 Buchanan Grand Bassa & Rivercess Counties 3 Tubmanburg Bomi, Grand Cape Mount & Gbarpolu Counties 4 Kakata Margibi County 5 Gbarnga Bong & Lofa Counties 6 Ganta Nimba County 7 Zwedru Grand Gedeh & River Gee Counties 8 Harper Maryland & Grand Kru Counties 9 Greenville Sinoe County
NOTE:Each region is managed by a regional director. All social security matters are directed through the nearest regional office.
2.2 The Purpose of the Social Security Program
The Social Security Program, as administered by NASSCORP, is designed to address certain kind of social risks and vulnerabilities which workers face all too often. While the income employer pays to their employees addresses important livelihood needsand concerns, more pressing issues may arise for employees when they are forced ro deal with job-related and non-job related injuries, diseases, old age and death. During those times, it becomes very difficult if not impossible, for employees to maintain a standard of living that enables them to take care of thier basic needs and to provide for their families. The vulnerabilities of employees in this context therefore require social security programs that can provide help when the need arises. Social security in short, provides workers with an important safety net that may enable them to protect their income and continue providing for their families in spit of job-related injuries, diseases, old age and/or death.
2.3 The Employment Injury Scheme (EIS)
What are the Benefits Provided Under EIS?
There are six(6) kinds of benefits under the EIS: (a) Medical benefit, (b) Temporary Disablement Benefit; (c) Permanent Disablement Benefit; (d) Constant Attendance Allowance; (e) Death Benefit and (f) Funeral Grant
- Mdeical Benefit (MB)
- The Medical Benefit is medical treatment given to an injuered insured person who sustained injury on the job or suffered occupational diseases
- Temporary Disablement Benefit (TDB)
- TBD is a cash benefit that is awarded to an insured person who suffers a job-related accident or occupational disease that lasts for 14 days or more. The amount of cas benefit is 65% of the injured employee's last twelve months average earnings (remuneration) before the injury.
- Permanent Disablement Benefit (PDB)
PDB is a cash benefit awarded to an employee who suffers job-related injury or occupational disease resulting to loss of earning capacity.
NOTE: (a) If the loss of earning capacity is accessed at 100%, the cash benefit would be 65% of the affected employee's last twelve months average earnings. (b) If the loss of earning capacity is assessed at less than 100% then the cash benefit would be 65% of that lesser percentage as specified in the Regulations.
The loss earning capacity as a result of job-related injuries or occupational diseases is determined by NASSCORP's Medical Board of examiners during a medical board sitting/hearing.
- Constant Attendance Allowance (CAA)
CAA is a cash benefit paid to a person recommended to NASSCORP by a neneficiary who is permanently and totally disabled to serve as his/her personal attendant. The cash benefit paid to the personal attendant is 25% of the beneficiary's entitlement.
NOTE: This 25% is an addition to the beneficiary's entitlement and is not deducted from his/her Permanent Disablement Benefit.
- Death Benefit (DB)
DB is a cash benefit awarded to widow/widower and children of an insured person who dies as a result of job-related injury or occupational disease. The widow/widower will receive 20% of the deceased insured person's average monthly earnings. If there is more than one widow, the benefit will be divided equally among the widows for life.
The child/children will receive 10% of the deceased insured person's average monthly earnings, but not exceeding 30% of the deceased insured person's average monthly earnings
In the absence of a widow/widower or children, death benefit is paid to the grand parents or parents at the rate of 20%.
- Funeral Grant (FG)
- FG is a ont-time cash benefit given to the person who incurs funeral expenses of a deceased insured person.
2.4 The National Pension Scheme (NPS)
What are the Benefits Provided Under NP?
There are three(3) kinds of pension benefits under the NPS: (a) Invalidity Pension; (b) Retirement Pension and (c) Survivors' Pension
- Invalidity Pension (IP)
IP is a cash benefit awarded to a person who has not attained age 65 but proves to the satisfaction of a medical board constituted by N ASSCORP that he/she by reason of some bodily or mental disablement or illness is likely to remain permanently incapable of work.
NOTE: Claimant for IP must have paid 50 monthly contributions during the last 60 consecutive months immediately before the month in which the claim for IP is filed or must have contributed during at least two-thirds of the number of complete month comprised in the period falling between his/her first entry unto insurable employment and the date he/she makes claim for IP.
- Retirement Pension (RP)
RP is a cash benefit paid to a person who has attained age 60 years, retired from work and has paid at least 100 monthly contributions. The minimum amount paid as retirement pension benefit is 25% of the retired person's best five years average salaries for the last ten years before retirement. However for every 10 monthly contributions paid in addition to the 100 contributions, the 25% rate of pension is increased by 1%.
- Suvisor's Pension (SP)
SP is a cash benefit paid to widow, widower and children of deceased members of the scheme. In order to qualify for SP, the deceased insured person must have paid at least 50 monthly contributions while he/she was working. The monthly amount of benefit paid to widow/widower is 50% of the deceased insured person's pension. If there is more than one widow, the 50% is divided among them equally. The monthly amount of child's allowance is 10% of the deceased insured person's pension for each child up to a maximum of five children. Where there are more than five children, the allowance is reduced so that the total of the child's allowance does not exceed 50% of the deceased insured person's pension. The widow/widower received the benefit for life or up to remarriage; and the children up to age 21. A child receives allowance for life if proven disabled and incapable of working.
NOTE: In the absence of widow or widower, each child benefit is increased to 20% up to the maximum of five children. However, if there are more than five children the benefit must be rediced so that total child benefit does not exceed 100% of the deceased insured person's pension.