Social Security: ANNUAL%20RE%202003%20final%20copy

Please download to get full document.

View again

of 54
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Categories
Published
SOCIAL SECURITY AND INSURANCE TRUST (NASSIT) ANNUAL REPORT FOR THE YEAR 2003 INTRODUCTION The National Social Security and Insurance Trust (NASSIT) is a statutory Public Trust that is charged with the responsibility of administering Sierra Leone’s National Pension Scheme. Signed into law on the 20th July 2001, the National Social Security and Insurance Trust Bill has as its mission “To administer a Social Security Scheme which provides Social Security protection to all employees in Sierra Leone
  SOCIAL SECURITY AND INSURANCE TRUST(NASSIT)ANNUAL REPORT FOR THE YEAR 2003 INTRODUCTION The National Social Security and Insurance Trust (NASSIT) is a statutory Public Trust thatis charged with the responsibility of administering Sierra Leone’s National PensionScheme.Signed into law on the 20 th July 2001, the National Social Security and Insurance Trust Billhas as its mission “To administer a Social Security Scheme which provides Social Securityprotection to all employees in Sierra Leone including old age benefits, invalidity benefits,and survivors benefits, based on social insurance principles”.It also has as its Vision “ The National Social Security and Insurance Trust is a centre of excellence in the area of providing Social Security Protection demonstrated by a highdegree of efficiency, effectiveness, innovation and dynamism”.The Trust belongs to the State but in its operations, it is autonomous. It has a 14-mantripartite Board of Trustees responsible for policy making. The Board is composed of employers, employees and Government representatives. The day-to-day administration of the Trust is vested in the Director General, and the Management team.In order to achieve its corporate objectives, the Trust performs five basic functions:registration of members, collection of contributions, keeping record of all members,management of the funds of the Scheme and processing benefits for payment.NASSIT is nationwide. The Headquarters is at 35A Lightfoot Boston Street, Freetown, andthe Western Area office is at Guma Building, Lamina Sankoh Street, Freetown. The Trustadditionally, has an office on the second floor of the National Development Bank buildingat 21/23 Siaka Stevens Street. The Northern regional office is at 25B Lady’s Mile, Makeni;the Southern regional office is located at 11 Bojon Street, Bo; and the Eastern regionaloffice is at 2 Sahara Street, Kenema.1  THE LEADERSHIPThe Board 1. Dr Lawrence Kamara - Chairman Board of Trustees2. Mr. Eric N. A. Adjei - Director General (NASSIT)3. Mrs. Ajaratu A.M. Mahdi - Trustee (Representing the Bank of Sierra Leone)4. Mrs. Gladys Strasser-King - Trustee (Representing Sierra LeoneInsurance Association)5. Dr. Samura Kamara - Trustee (Representing Ministry of Finance)6. Mr. Muluku S Tarawally - Trustee (Representing National Union of Civil Servants)7. Mr. Festus E Minah - Trustee (Representing Sierra LeoneTeachers Union)8. Col. Saa A Sinah - Trustee (Representing the Forces)9. Mr Kandeh Yilla - Trustee (Representing Sierra LeoneLabour Congress)10 Mrs Mariama Kamara - Trustee (Representing Sierra LeoneLabour Congress)11. Mr. Joseph P Genda - Trustee (Representing Ministry of Labour,Social Security and IndustrialRelations)12. Ms Teresa Vamboi - Trustee (Representing Ministry of SocialWelfare, Children and GenderAffairs)13. Mr. Idrissa Yilla - Trustee (Representing Sierra LeoneEmployers Federation)14. Mr. Leonard E Johnson - Trustee (Representing Sierra LeoneEmployers Federation)Secretary to the Board - Sengu M Koroma SUB-COMMITTEES OF THE BOARD 1.   Recruitment Sub-Committee2.   Investment Sub-Committee3.   Tender/Procurement Sub-Committee4.   Overseas Travel Sub-Committee5.   Audit Sub-Committee2  The Executive Committee Eric N A AdjeiDirector GeneralDeputy Director General (Vacant)Samba Gbawuru-MansarayTechnical DirectorGibril SaccohDirector of OperationsIbrahim BahDirector of Finance and AdministrationSengu M KoromaSolicitor SecretaryGeorgiana ThompsonHead, Public Affairs Management Sub-Committee 1. Members of the Executive Committee2. Head, Internal Audit Department - M s. Mahawah Sillah3. Head, Human Resource and Administration Department - Mr. Joseph Mans Jr4. Head, Accounts Department - Mr. Davidson Peters-John5. Head Information Technology and Records Department - Mr. Amara Kargbo6. Head, Investments Department - Mr. Mahmoud Idriss7. Area Manager, West - Mr. Amadu Dainkeh8. Area Manager, South - Mr. Peter Kennah9 Area Manager, North - Mr. Idriss Turay10.Area Manager, East - Mr. Sadique Fofanah3  Auditors Parnell Kerr Forster (PKF)Regent House,12 Wilberforce StreetFreetown  Bankers Bank of Sierra LeoneSierra Leone Commercial Bank LimitedRokel Commercial Bank Limited 4
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks