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MSD & ECF Benefits Increases

For release:      Monday, 16 April 2012

SSC IMPROVES ITS BENEFITS AND ASSESSMENT RATES

Social Security Commission hereby announce that with effect from 1 March 2012, the benefits paid under the Maternity leave, Sick leave and Death benefits Fund (“MSD Fund”) and the Employees’ Compensation Fund (“EC Fund”) have been increased as follows:

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MEDIA RELEASE

SSC Development Fund commits N$5.7 million grant to the Namibia Youth Credit Scheme

Social Security Commission (“SSC”) is pleased to announce the disbursement of N$2.5 million to the Namibia Youth
Credit Scheme (“NYCS”) under the Ministry of Youth, National Service, Sport and Culture. The amount is part of the
N$5.7 million approved by the SSC to finance the NYCS and will be used for the provision of first loans to 300
beneficiaries in the Karas, Hardap, Erongo, Otjozondjupa and Khomas regions.
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Welcome to Social Security Commission
Head OfficeThe social security system in Namibia is an integral part of Government's efforts to promote and maintain the welfare of the people of this country. Namibia's Constitution (Chapter 11, Article 95) stipulates that the State shall actively promote and maintain the welfare of the people by adopting appropriate policies and measures. Hence, Social Security is a scheme that was established by the Government to address the socio-economic conditions and poverty. It aims to provide an income in the event of sick leave or maternity leave. The scheme also pays out benefits in the event of retirement, permanent disability or death of a member.
 
NEWS ALERT!!!! PLEASE TAKE NOTE THAT THE DEVELOPMENT FUND APPLICATIONS HAVE CLOSED.
 
website kingman consulting Maternity, Sick & Death Fund
MSD Fund
MSD stands for Maternity leave, Sick leave and Death benefits Fund. It is one the two Funds currently being administered by the Social Security Commission. Learn more.
arizona information technology programmer Employee Compensation Fund
Employee Compensation Fund
ECF claims to compensate for disablement caused by accidents to or industrial diseases contracted by employees in the course of their employment or for death resulting from such accidents & diseases. Learn more.
arizona information technology programmer Development Fund
Development Fund
The objective of the Development Fund is to cater for the socio-economically disadvantaged persons and students at institutions of higher learning Learn more.
website kingman consulting Inside SSC
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