Value of accounting units as at Monday, December 2nd 2013 - RSA : 2.1965 | Retiree : 1.6015
(NSITF), the successor to the defunct National Provident Fund is the sole government agency statutorily vested with the function of providing social security, social protection for the poor, the aged, the disabled and disadvantaged members of the population. Section 16 of the NSITF Act, No. 73 of 1993 mandated the fund to provide the following benefits:
a) Retirement pension.
b) Retirement grant.
c) Survivors benefit.
d) Death grant.
e) Invalidity benefit
f) invalidity grant.
g) Such other benefit as may be approved from time to time by the board.
The accounts of all contributors to the NSITF Scheme which had been under the management of Trustfund Pensions Plc for a mandatory five years period from the commencement of the pension Reform Act 2004, are now being transferred to member's RSA. You can get instant SMS via your mobile.