The Sierra Leone Labour Congress on Friday 8th May brought together representatives from various workers union in a sensitization meeting held at its Wallace Johnson Street office in Freetown. Officials from NASSIT and Home Finance Company, Mortgage and Savings (SL) LTD sensitized participants on activities of their organizations.
The chairman of the meeting, Muctarr Babatunde Williams in his opening statement expressed appreciation to NASSIT for taking such a bold step to sensitize workers on benefits and Validation of past Service. He pointed out that in the past people have been retiring with little or no benefit but with NASSIT, retirees can now boast of a timely and encouraging pension.
Presentation from NASSIT was done by John Bosco Alieu Head of Prosecution, Idrissa Ahmed Kabbia, Deputy Manager of Operations and Alphaeus Cole. The three officials vividly explained that the Validation of Past Service is a process by which government pays an additional 2.5% to NASSIT for all workers that were within the age of 45 to 55 at the time NASSIT was established in 2002. He further explained that only those workers whose names were on the payroll of the Accountant General as at 1st January, 2002 are qualified for the Validation of Past Service. This is applicable only to civil servants, Teachers, Police and the Military. John Bosco Alieu further stated that all employees have the right to take legal action against their employers if the employers fail to pay the 15% contribution per worker to NASSIT.
Mr. Abdul Bangura, Head of Internal Control of the HFC, Mortgage and Savings (SL) Ltd. said the Mortgage Finance Company was set up by NASSIT to help improve the lives of citizens by offering loans and housing facilities. Mr. Bangura further explained that the HFC Mortgage and Savings Limited was established to help Sierra Leoneans live in a better housing facility by investing in housing and giving them to people who will pay for those houses within a maximum period of twenty years. He also revealed that the Home Mortgage Finance Bill has recently been ratified by parliament. He pledged his company’s determination to make housing rentage a thing of the past.
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