NSSF Tier II Management
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NSSF TIER II Management
This is a retirement savings plan designed for employers who wish to opt out of making NSSF Tier II contributions to the NSSF Pension Fund on behalf of their employees. Contributions earn competitive returns on a compounding basis, and accumulated benefits are accessible upon retirement.
Features
Admission Requirements:
- Allows employers to redirect NSSF Tier II contributions from NSSF to LAPFUND under an approved arrangement.
- Joint contributions from both employer and employee, calculated based on pensionable earnings.
- Contributions earn competitive, compounded returns through professional fund management.
- Members’ savings are transferable between registered retirement benefit schemes or back to NSSF.
- Benefits are payable upon retirement, in full compliance with NSSF and RBA regulations.
Admission
Employers wishing to opt out of NSSF Tier II contributions may do so by registering with LAPFUND and following the approved enrollment process.
