With 223,475 Insured Members… NASSIT Bags Le 111.83B


By Aruna Rashed Toma Bangura

The National Social Security and Insurance Trust (NASSIT) last Friday, 17th May, 2019 held day’s press seminar at the Golden Tulip Essential Kimbima Hotel at Aberdeen, West of Freetown to, among other things, inform Pressmen about recent activities and development underway at the Trust.

The Director General of NASSIT, Mohamed Fuad Daboh applauded members of the Fourth Estate for honoring their invitation whilst cataloging the activities and interventions of the Trust thus far,

The Director General told pressmen that at the end of the first quarter of 2019, NASSIT registered 15,559 institutions with 223,475 insured members and between January to March 2019 the Trust collected a whooping sum of Le111.83 billion as contribution income from both public and private sector establishments. In the area of benefit payment as at March 2019, he said the Trust has 21,537 pensioners on its payroll with total benefit expenditure (pensions, gratuity and grants) for the the period January to March 2019 amounting to Le 47.99 billion.

He further informed that NASSIT is on the verge of establishing a regional office in Port Loko which, he said, would serve as the headquarters for the North-West Region.

Currently, he noted that operations and benefits payments are at the forefront of the Trust’s business, which, he said, is the core mandate for the establishment of the scheme.

Recently, he said the Trust commissioned and handed over fifteen (15) motorbikes to Inspectors to enhance mobility in carrying out their duties with training provided for operations, including social security compliance.

Mr. Daboh continued that the Trust is  fully in compliance with the Public Accounts Committee  (PAC) in Parliament with regards the traditional audit report for clarifications on the issues raised in the recent technical audit report as they await the Committee’s findings.

He further confirmed to journalists that all arrangements have been finalized for the establishment of the social security court.

According to the DG, the press is indispensable as, according to him, it is their firm belief that the Fourth Estate must be furnished with enough information about what the Trust does and why it does what.

Already, he said, there are established hotlines via Orange and Africell mobile networks for the public to make concerned queries and suggestions which, he said, have so far been successful, adding that NASSIT believes in its core values of transparency and accountability.

The Chairman of the Press Seminar, Mr. Peter Jusu Kenan noted that rebranding an institution cannot be effective without the press, adding that the Trust’s relationship with the press has always been cordial. The Trust and the press, he said, need each other, while asking that the press plays a fair game in disseminating the correct information to the general public as the Trust, he said, was established for pension scheme.

On his part, the Director of Operations, Amadu Daboh said the Trust was established with nine contingencies but started with three – retirement, incapacitation and survivors benefits, adding that the mandatory retirement age is 60 for civil servants and 55 for military personnel.

He said the state has the responsibility to secure the employee and at the same time, the employer has the onus to contribute 10% for his or her employees while the employee contributes 5% of its salary.

The Director of Benefit, Mr. Denis Kamara said his department is responsible for accurately and promptly processing benefits to persons who meet the qualifying conditions of payments of benefits.

The Director of Investment, Dr. Brima Baimba Kargbo made brilliant presentation informing that they have socially targeted investment and economic interventions countrywide.