How do I claim my NSSF contribution?

How do I claim my NSSF contribution?

How to apply: Visit your nearest NSSF office with the following documents:

1. NSSF Membership Card.
2. National Identity Card/ Passport/ Alien ID.
3. A certified copy of your retirement letter OR termination letter on medical grounds.
4. Medical/treatment report from the hospital you attend(ed).
5. Bank details for EFT.

Who is liable to pay NSSF?

employer
An employer shall pay contributions to the Pension Fund in respect of each employee in his or her employment as prescribed in Section 20 of the Act.

How is NSSF contribution calculated in Tanzania?

Rates of Contributions The rate of employee’s share should not exceed 10% of his monthly wage under the following arrangement: 10% employer/10% employee, or 15% employer / 5% employee.

How do I log into my NSSF account?

On the portal, click the “ Member self-service links” option. Select the “NSSF contributions statement” tab. A statement’s account login page displays. Use your username and password to log in.

At what age can I access my NSSF funds?

Parliament has passed the National Social Security Fund (NSSF) Bill, which will see contributors aged 45 and above have mid-term access to their savings.

Can I withdraw from NSSF?

It is available to all members who qualify for the Age, Withdrawal, Invalidity, Emigration Grant and Exempted employment benefits as stated in Section 19 of the NSSF Act 1985,” Arimi said.

What is the National Social Security Fund of Tanzania?

The National Social Security Fund (NSSF) of Tanzania was established by the Act of Parliament No. 28 of 1997 to replace the defunct National Provident Fund (NPF). NSSF is a compulsory scheme providing a wider range of benefits which are based on internationally accepted standards.

How is NSSF Fund funded?

The employer adds the remaining balance to make the required contribution rate of 20%. NSSF is a fully funded scheme running under defined benefit principles. All funds collected are wholly invested for the purpose of financing benefit payments.

What does NSSF stand for?

The National Social Security Fund (NSSF) of Tanzania was established by the Act of Parliament No. 28 of 1997 to replace the defunct National Provident Fund (NPF).

How is NSSF contribution deducted from gross salary?

The employer is required to deduct from employee’s gross salary the amount of contribution not exceeding 10% of the employee’s salary. The employer adds the remaining balance to make the required contribution rate of 20%. NSSF is a fully funded scheme running under defined benefit principles.