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Register for the NSSF Voluntary Membership

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What is NSSF Voluntary Membership Plan?

What is NSSF Voluntary Membership Plan? The NSSF Voluntary Membership Plan provides employers and workers not compelled by the mandatory provisions of the NSSF Act the opportunity to save voluntarily for their retirement.

Individual Voluntary Contributors

According to Section 13A of the NSSF (Amendment Act), there are 3 types of Voluntary Members:

  • Existing Members - who may make voluntary contributions to the fund over and above his or her standard contributions. Such a member may authorise his or her employer in writing to deduct an agreed rate from the employee’s wage payment and remit the voluntary contribution to the Fund. An employer authorised by an employee under subsection shall, for every month during which he or she pays wages for the member, pay to the fund, within fifteen days next following the last day of the month for which the relevant wages are paid, the voluntary contribution of the sum agreed.
  • Self-Employed Person – A person who is self-employed may apply for membership in the Fund and shall make voluntary contributions to the Fund.
  • Any Other – Any other person may apply for membership and make voluntary contributions to the Fund. according to Section 13A (5).

 

Features of the NSSF Voluntary Membership Plan

Choice

you decide how much you contribute based on your income and life aspirations

Flexibility

Contributions can be fixed or varying; made daily, weekly, monthly, quarterly, semiannually or annually

Peace of mind

you will take pride and satisfaction in knowing that you have a secure retirement plan for yourself and your family

Return

you get a good return on your savings

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By submitting your information, you agree to these terms and conditions.

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