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NASSIT Pays Le3.7B To Beneficiaries


NASSIT Pays Le3.7B To Beneficiaries

By Minkailu Turay………..
The Acting Director General of the National Social Security and Insurance Trust (NASSIT) Joseph Mans Jnr. has informed newsmen that his institution pays the sum of Le3.7 Billion monthly to beneficiaries and another Le2.4 Billions to 18,576 pensioners on behalf of government.
Speaking at a well attended news conference yesterday at the NASSIT conference room, Mr. Mans said the payment of government pensioners is administered by the Ministry of Finance and submit their pay roll and amount to be paid to NASSIT office. On the other hand he noted that, currently NASSIT has 13,789 beneficiaries who claim their (NASSIT) pensions. He explained that having gone through the verification process, 6,000 pensioners have been verified in the Western Area. The others he stressed will be verified in the regions after the Ebola pandemic.
Director Mans recalled that NASSIT was established by an Act of Parliament in 2001 as a public trust charged with the responsibility of administering the country’s pension scheme. The scheme he said covers the most fundamental contingencies of old age, invalidity and death; and pays retirement (old age), invalidity and survivors benefits on the occurrence of a contingency.
The NASSIT boss earlier informed journalists that the press conference was organized to react to the several media bashing of his institution.
In his statement, the Director of Investment Brima A.P. Kargbo gave detail analysis of how the benefits and pensions ore disbursed to respective owners. He noted that some of the beneficiaries are paid monthly, half yearly and yearly and that, NASSIT has an asset port folio of Le748 Billion.
Other speakers at the ceremony included Director of Benefits, Victoria Aminata Mansaray and Director of Operations, Mr. Denkeh.

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