
Invalidity Pensions
Invalidity Pensions
What is an Invalidity?
This is when a determinable physical or mental impairement prevents a member or contributor from engaging in any meaniningful gainful employement.
The member must have an extreme impairement which makes him permanently unable to do the work he did previously or to engage in any other gainful employment. Entitlement to invalidity pension for a member to qualify for an inavalidity pension, the following conditions must be met:-
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You must have contributed for a minimum period of 60 months of which twelve (120 months contribution must have been paid during the last thirty-six months preceding the commencement of invalidity
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You must have been declared permanently and totally incapable of further employment by a qualified and recognized medical officer and certificied by the NASSIT Medical Board.
Invalidity pensions: The pension is calculated on the basis of the number of monhts of contribution or credit and the difference between year of invalidity and age 60. 50% of the difference between year of invalidity and age 60 is added to the actual number of months contributed as pension.
The minimum invalidity pension is not less than 50% of the minimum wage.
Invalidity Grant: If the insured person is not entitled to a pension, a grant equal to m1.5 times the insured's averaqge monthly earnings for each 12-month period is paid.
Benefits adjustment: Pensions are adjusted annually according to the Trust fund income.
For details on the invalidity benefits please check on the link