2. NSSF has over the years been perceived by its members as an
institution that does not pay members their savings even when
they meet the qualifying requirements. It is believed that NSSF
pays out only when a member dies.
3. Below are the statistics showing the types of Benefits offered by NSSF, the
amounts and numbers of members paid per Benefits type:-
1. Age Benefit: Paid to members who are 55 years
2. Withdrawal Benefit: 50 years and out of employment
3. Exempted Employment Benefit: Paid to members subscribing to
another pension scheme
4. Emigration Grant: Paid to Members who are Permanently relocating
to another country
5. Survivors Benefit: Paid to the dependents of the deceased
6. Invalidity Benefit: Paid to a person who is incapacitated for gainful
employment
4. Amounts Paid Per Benefit Type
Invalid Benefit
Survivors Benefit 8%
4%
Emigration Grant
12% Age Benefit
39%
Exempted
Employment
Withdrawal Benefit
Benefit
29%
9%
Total amount paid: 32.0 bn NSSF PAYS: Q2 OCT – DEC 2012
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5. Number Paid Per Benefit Type
843
900
800
637
700
600
440
500
400 265 287
300 164
200
100
0
Age benefit Withdrawal Exempted Emigration Survivors Invalid
Benefit Employment Grant Benefit Benefit
Benefit
Total Beneficiaries paid: 2,636 NSSF PAYS: Q2 OCT – DEC 2012
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6. Average Time Taken To Process A Benefits Claim
22.5
22 22
21.5
21 21
20.5
20 20
19.5
19
October November December
NSSF PAYS: Q2 OCT – DEC 2012
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7. For more information on how you can qualify for your Benefits,
visit any of our NSSF Branches
or visit our website www.nssfug.org
or contact us on our toll free line 0800286773
or on any of our social networks below
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