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NSSF PAYS CAMPAIGN

    QUARTERLY REPORT
OCTOBER 2012 – DECEMBER 2012
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.
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
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


   www.facebook.com/nssfug          @nssfug       www.youtube.com/nssfug      www.slideshare.net/nssfug
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


   www.facebook.com/nssfug          @nssfug         www.youtube.com/nssfug      www.slideshare.net/nssfug
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


www.facebook.com/nssfug    @nssfug   www.youtube.com/nssfug       www.slideshare.net/nssfug
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




www.facebook.com/nssfug     @nssfug    www.youtube.com/nssfug   www.slideshare.net/nssfug

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NSSF Pays: Q2 October - December 2012 Report

  • 1. NSSF PAYS CAMPAIGN QUARTERLY REPORT OCTOBER 2012 – DECEMBER 2012
  • 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 www.facebook.com/nssfug @nssfug www.youtube.com/nssfug www.slideshare.net/nssfug
  • 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 www.facebook.com/nssfug @nssfug www.youtube.com/nssfug www.slideshare.net/nssfug
  • 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 www.facebook.com/nssfug @nssfug www.youtube.com/nssfug www.slideshare.net/nssfug
  • 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 www.facebook.com/nssfug @nssfug www.youtube.com/nssfug www.slideshare.net/nssfug