Social Security Commission
Insurance · Namibia · 406 Employees
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About
Headquarters
Cnr. A. Kloppers & J Haupt Sts, Windhoek, Khoma...Phone Number
+264 612807999Website
www.ssc.org.naRevenue
$168.6 MillionIndustry
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Who is Social Security Commission
The NMBF and NPF have been established but are not operational. In administering the Funds, SSC's principal operations include: • Registering emplo yers and employees • Collecting and investing contributions • Assessing and paying claims • Providing benefits • Providing training and employment schemes and providing financial aid to students. SSC derives its funds from membership contributions through compulsory payroll deductions from every employee working and receiving a basic wage, as well as assessments paid by employers based on the wage bill and nature of industry. The responsibility of registration and payment of contributions is vested with employers and they are encouraged to ensure compliance at all times. The contributions and assessments are utilized for payment of benefits and meeting administration costs. The net surplus of contributions above benefits and administration costs is invested in a diverse range of financial instruments at different financial institutions within and outside Namibia. The investment strategies of SSC are guided by an Investment Policy and overseen by an Investment Steering Committee. VISION STATEMENTRead more
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Frequently Asked Questions Regarding Social Security Commission
The NMBF and NPF have been established but are not operational. In administering the Funds, SSC's principal operations include: • Registering employers and employees • Collecting and investing contributions • Assessing and paying claims • Providing benefits • Providing training and employment schemes and providing financial aid to students. SSC der... Read More
