Membership growth encouraging at Social Security Commission

August 12, 2014, 1:27pm

Membership growth encouraging at Social Security Commission

           

Social Security Commission’s General Manager of Operations, David Keendjele has advised that the membership growth over the last year has been more than satisfactory. “When looking at the figures our MSD active employees membership stood at 476 996 at the end of May last year, while at the end of May 2014 we saw an increase year-to-date of 10% to 524 917 active employees, at the end of May 2014. In the first quarter of this year we signed on 12 771 new members and we are grateful for this. In fact the figures exceeded the projected increase of 7% that we targeted in our business plan for the year.”

 

Keendjele went on to say that the increase could be ascribed to more and more awareness having been passed on to our current employers and potential members by our Compliance officers and staff members in our branch offices and satellite office. Several campaigns to address non-registration were also run in the media and this added to the increased awareness.  He continued by saying that the SSC depended on its members and their monthly contributions to meet its statutory obligations of honouring claims for benefits and ensuring financial sustainability of its funds. “The more members are registered the better for the various funds to keep the contribution rates low and increase the revenue to the funds in order to pay our better benefits.”

 

He concluded by encouraging everyone to join. “Don’t delay to become a registered member, as this gives you peace of mind to know that you are covered by SSC schemes.”