NSSA stands for National Social Security Authority. It is a term commonly used in Zimbabwe and refers to the state-owned entity responsible for administering social security programs in the country.
The National Social Security Authority (NSSA) is a statutory body established under the NSSA Act of 1989. Its primary objective is to provide social security protection to the Zimbabwean population, including workers, pensioners, and other eligible individuals.
NSSA operates as a self-financing organization, primarily funded by contributions from employers and employees. These contributions are mandatory and help finance various social security benefits offered by NSSA, including pensions, work injury benefits, and funeral grants.
Under the NSSA Act, the authority is responsible for managing and investing the funds collected through contributions in order to ensure the long-term sustainability of social security programs. NSSA also collaborates with other relevant government agencies to implement policies and regulations that promote social security and welfare in Zimbabwe.
Furthermore, NSSA is tasked with conducting research, collecting data, and providing information related to social security schemes in the country. The authority also plays a crucial role in educating the public about their rights and entitlements regarding social security benefits.
In summary, NSSA is a national entity in Zimbabwe that administers social security programs, manages contributions, and provides various benefits to eligible individuals, including pensions, work injury benefits, and funeral grants.
