The Swaziland National Provident Fund was established in 1974 as a retirement savings scheme, the main purpose of which is to provide benefit for employed persons when they retire from regular employment in old age or in the event of becoming incapacitated.
All employers of labour in Swaziland are required by law to become contributing members of the fund, and must pay a contribution for every eligible staff member. The employee's share (one half of the stipulated amount) is deducted from wages.
Benefits can be paid to a member who has the misfortune to become permanently unemployable through physical or mental disability; incapacity for work is assessed having regard to medical factors...read more.
If a member satisfies the Chief Executive Officer that he is about to emigrate, or has emigrated from Swaziland with no intention of returning to the Kingdom, an emigration benefit is payable without regard to age. ...read more.
If a member dies before qualifying for a personal benefit, the amount in his benefit account as available to surviving members of his family as a survivor’s benefit. Such a benefit is payable in accordance with the provisions of the SNPF Order No. 23 of 1974....read more.
Benefit on age grounds is paid when the member is 50 years of age, but it can be claimed before then as a "retirement benefit" if the member is at least 45 years of age and has retired from regular employment or become self-employed....read more.
The Annual King's Marathon date has been set....
The Stakeholder Annual General Meeting approaches...
SNPF Head Quarters
Corner Martin & Ngwane Street, Manzini
Phone: +268 2508 2000
Fax: +268 2508 2001
January 7, 2016
E90M OLD MUTUAL, SNPF, PSPF INVESTMENT IN DAIRY PROJECT
December 2, 2015
SNPF increases employers' maximum contribution
November 11, 2015
SNPF pumps E50 000 to EYA