| The NPS Invalidity Benefit
It offers the following benefits
Invalidity Pension
Invalidity Grant
The invalidity benefit is paid out to contributors who become permanently incapacitated because of illness or injury.
Who Qualifies?
In order to qualify for the Invalidity Benefit contributors must satisfy the following criteria
They must be below the age of 60 years.
They must be medically certified as being permanently incapable of work as a result of continuous ill-health physical or mental.
How Is The Benefit Calculated?
Invalidity Pension
The Invalidity Pension is calculated by using the following formula including credits:
1% x average monthly insurable earning x contributory period up to a maximum of ten years
Where contributions exceed 10 years the calculation is made by taking 3% multiplied by the monthly insurable earnings immediately preceding invalidity and the number of actual contribution years, plus credits.
In cases where the contribution exceeds 30 years, an additional 2 1/4% of an amount derived by multiplying an employee's insurable earnings referred to in (b) by the number of years in excess of 30 is added.
Invalidity Grant
The amount paid out as invalidity grant is 1/12 of the annual insurable earnings of the employee in the year immediately
preceding invalidity multiplied by the number of years of contribution including credits. Credits are calculated according to the following formula 60 - Age at invalidity
2
When Does One Claim The Invalidity Benefit?
It is a NSSA requirement that the INVALIDITY Benefit claim application be submitted WITHIN 12 months of invalidity.
Documents Required When Claiming The Invalidity Benefit
P9/P10 to be completed by the contributor
A P11(a) form is required (the form must have been completed by a registered medical doctor). Contributor must sign declaration
Certified copy of National Identity card, passport or driver's licence.
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