You can claim your retirement benefit when you are 60 years of age, if you are unemployed at that age. If at age 60 you are still employed, then you can claim your benefit when you finally retire or reach the age of 65, whichever comes first.
If you have been working in a job category classified by NSSA as arduous for seven of the 10 years prior to turning 55 and are unemployed at that age, you can claim your benefit at age 55. Work classified as arduous includes farm work, heavy truck driving, quarrying and some mining and forestry jobs.
Only if you have been working in a job classified as arduous for seven of the 10 years prior to reaching the age of 55 and if you are 55 or older. Otherwise you have to wait until you are 60.
You cannot collect your contributions. Your contribution record continues from one job to another, since the scheme is a national one, unlike occupational pension schemes which are linked to your employment. Building up your contribution period is important since it affects the benefit you receive and its size when you reach retirement age.
To qualify for a NSSA retirement pension one must have contributed to the pension scheme for at least 120 months. If you have contributed for less than that but more than 12 months, a once-off grant is payable.
Provision of social security can be defined as instituting public policy measures intended to protect an individual in life situations or conditions in which his/her livelihood and well being may be threatened.NSSA Vision & Mission +
NSSA has two schemes namely, the National Pension Scheme and the Accident Prevention and Workers Compensation Scheme
The National Pension Scheme offers retirement pension and grants, invalidity pension and grants, survivors' pension and grants and funeral grant. The Accident Prevention and Workers Compensation Scheme provides financial relief to employees and their families when an employee is injured or killed in a work related accident or suffers from a work related disease or dies thereof.