South Sudan Social Insurance Fund (SSIF)

Submitted by Nhial on Thu, 05/12/2022 - 10:00
Mandate

Mandate

To manage the social Insurance fund for South Sudan.

Vision

An effective and efficient Social Insurance Scheme in South Sudan.

Mission

To provide High Quality Social Insurance Services for all.

Core Functions

The functions of the South Sudan Social Insurance Fund are to:

  1. Register employers, employees, beneficiaries and self-Insured persons,
  2. Collect and manage contributions as provided by laws.
  3. Make investment in accordance with laws.
  4. Pay pension and compensation to beneficiaries
  5. Pay return on investments to beneficiaries.
  6. Develop the social insurance policy for South Sudan.
  7. Conduct periodic Actuarial Valuation of the Fund
  8. Inspect financial records of the employers and employees required to make contributions
  9. Initiate the policy design and enactment of laws to regulate private Sector
  10. Ensure the compliance of Employers and employees with social insurance laws.
  11. Monitor the monthly, annual financial statement and report to the board.
  12. Provide support to the executive office of the Minister and the Deputy Minister (office managers, private secretaries, and confidential clerk and security personnel).
  13. Manage the general registry of the Ministry.
  14. Establishing and maintaining the IT Unit and all computer equipments, supporting the upgrading and rationalization of IT systems within all Units in the Ministry.
  15. Prepare quarterly and annual reports on the performance of the fund.

Challenges of the South Sudan Social Insurance Fund

  • Inadequate legal framework for the South Sudan Social Insurance Fund
  • Lack of office accommodation