WebJul 5, 2024 · Q1 – What does NSITF do? Perhaps this is the first question that should cross the mind of right-thinking folks once again. With recurring controversies and endless grapple of the structure by ... WebThe event afforded the management of the scheme an opportunity to update employers and other participants on the implementation of the Employees Compensation Scheme and future plans for the scheme .
Insurance: Dark days are over — NSITF Chairman - Vanguard News
WebThe debate has now been resolved by the Agreement jointly signed by NSITF and NECA as recommended by the Joint Committee. The Agreement defines “payroll” to mean “remuneration” as defined in the Act, excluding pension contributions, bonuses (performance-related payments), overtime payments, and irregular one-off payments … WebMar 20, 2024 · In this piece, reference to the NSITF will mean the same as the Act or ECA as the case may be. The objective of the Act, amongst others, is to ensure that employees … solidprofessor sketching essentials
What is wrong with NSITF? TheCable
WebMay 31, 2024 · The statement was titled, “Reconstitution of the Board of the Nigeria Social Insurance Trust Fund, NSITF” It read, “President Muhammadu Buhari has approved the reconstitution of the NSITF ... WebOct 13, 2024 · What is the Nigeria Social Insurance Trust Fund (NSITF)? The Nigeria Social Insurance Trust Fund (NSITF) was established vide Decree No. 73 of 1993 to succeed the defunct National Provident Fund (NPF), which had been in operation since 1961. ... Yes, casual workers are covered under the Act; the definition of an “employee” in Section 73 of ... WebThe Nigeria Social Insurance Trust Fund (NSITF) Management Board is empowered to implement the Act and the Fund established under it. In order to access compensation, the employee (or his/her dependants) must notify the employer of the injury/disabling occupational disease/death within 14 days of the occurrence. The information should … solid procedure