{"id":5398,"date":"2026-02-09T11:46:01","date_gmt":"2026-02-09T07:46:01","guid":{"rendered":"https:\/\/socialsecurity.govmu.org\/socialsecurity\/?page_id=5398"},"modified":"2026-06-15T11:14:20","modified_gmt":"2026-06-15T07:14:20","slug":"_pb16nsf-lumpsum","status":"publish","type":"page","link":"https:\/\/socialsecurity.govmu.org\/socialsecurity\/?page_id=5398","title":{"rendered":"_pb16\tNSF Lumpsum"},"content":{"rendered":"\t\t
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Pensions & Benefits<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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<\/i>Basic Pensions<\/span><\/i><\/span><\/i><\/span><\/div>

Basic Retirement Pension<\/a>Widow\u2019s Basic Pension<\/a>Orphan\u2019s pension<\/a>Guardian\u2019s Allowance<\/a>Child\u2019s Allowance<\/a>Invalid\u2019s Basic Pension<\/a>Disability Allowance<\/a><\/span>
Carer\u2019s Allowance<\/a>Inmate\u2019s Allowance<\/a><\/p><\/div>\n\t\t\t\t\t<\/div>

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<\/i>Contributory Pensions<\/span><\/i><\/span><\/i><\/span><\/div>

Contributory Retirement Pension<\/a>Invalid\u2019s Contributory Pension<\/a>Widows\u2019s Contributory Pension<\/a>Widower\u2019s Contributory Pension<\/a>Orphan\u2019s Contributory Pension<\/a>NSF Lumpsum<\/a>Transition Unemployment Benefit<\/a>Portable Retirement Gratuity Fund<\/a><\/p><\/div>\n\t\t\t\t\t<\/div>

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<\/i>Compensation to injured workers<\/span><\/i><\/span><\/i><\/span><\/div>

Industrial Injury Allowance<\/a><\/p>

Disablement Benefit<\/a><\/p>

Survivor\u2019s Pension<\/a><\/p>

Dependant\u2019s Pension<\/a><\/p>

Orphan\u2019s Industrial Injury Allowance<\/a><\/p>

Retirement Benefits<\/a><\/p><\/div>\n\t\t\t\t\t<\/div>

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<\/i>Continuation of Benefits<\/span><\/i><\/span><\/i><\/span><\/div>

Studies Abroad<\/a><\/p>

Medical Treatment Abroad<\/a><\/p>

One off Exemption for stay abroad<\/a><\/p><\/div>\n\t\t\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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NSF Lumpsum<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is NSF?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t
*NSF (National Saving Fund) – Provide payment of a l\u200bump sum to every employee at retirement age or earlier, or on his\/her death.<\/span><\/div>
\u00a0<\/span><\/div>
Who contributes to the NSF<\/strong><\/span><\/div>
-Every employer and employee\/s of the private sector pays a monthly contributions representing 2.5% and 1% (total of 3.5%) respectively of the basic wage or salary of every employee, aged between 18 and retirement age subject to the prescribed ceiling<\/span><\/span><\/div>
-Employers having in their employment household workers must also contribute to the National Savings Fund.<\/span><\/span><\/div>
\u00a0<\/div>
Who is covered by the NSF<\/strong><\/span><\/span><\/div>
Every employee both in private and public sector aged between 18 and retirement age who works under either a full time or a part time contract of service.\u00a0\u00a0<\/span><\/span><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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NSF Lump Sum<\/strong><\/span><\/span><\/div>
\u00a0<\/div>

A. Retirement on Ground of Age<\/span><\/span><\/strong><\/p>

(a) to an employee who has retired at the retirement age.
(b) to an employee who has retired from employment before attaining 60\u00a0 years and the retirement is on ground of age as provided for under the Workers’ Rights Act, a Pension Law, or under a Renumeration Order.<\/span><\/span><\/p>

\u00a0<\/span><\/span><\/div>
B. Retirement on Medical Grounds<\/span><\/span><\/strong><\/div>
To an employee who has retired from employment on medical grounds duly certified by a Government Medical Officer or a Medical Practitioner in the regular service of the employer.\u00a0A letter of retirement from the employer together with a copy of the medical certificate must be produced.<\/em><\/span><\/span><\/div>
\u00a0<\/span><\/span><\/div>
C. Redundancy<\/strong>
To an employee who has lost his employment or has retired, on, or after attaining the age of 45, as a result of closure of business or enterprise or any reduction of workforce.\u00a0A letter stating the ground of retirement from the employer must be produced<\/em>.<\/span><\/span><\/div>
\u00a0<\/span><\/span><\/div>
D. Death of the employee<\/span><\/span><\/strong><\/div>
The NSF lump sum is also payable where an employee dies before reaching\u00a0retirement age. Lump sum is payable to<\/span><\/span><\/div>
(a) widow\/widower of the deceased employee. –\u00a0Photocopy of the marriage certificate and death certificate should be produced<\/em>.<\/div>
(b) Child\/children of the deceased employee if there is no widow or widower –\u00a0an affidavit sworn by the heirs to be produced<\/em>.<\/div>
(c)\u00a0<\/em>The legal personal representative(s) of the deceased employee if there is no widow or widower or child –\u00a0an affidavit establishing the heirs of the deceased employee together with the civil status documents to be produced.<\/em><\/span><\/span><\/div>

<\/em><\/span><\/span><\/div>
E. Expatriates<\/strong>
<\/em><\/span><\/span><\/div>
\u00a0A lump sum is paid to foreign workers at the expiry of their contract of employment and when they return back to their country.<\/span><\/span><\/div>
\u00a0<\/span><\/span><\/div>
Lump sum is payable only in case of retirement or death which occurred after 01.07.94 and where NSF contributions have been paid on behalf of the employee after 01.07.94.<\/span><\/span><\/div>
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDocuments to be Produced<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t
  1. National Identity Card of applicant.<\/li>
  2. Birth Certificate of applicant.<\/li>
  3. Letter of retirement from Employer.<\/li>
  4. Bank account number.<\/li><\/ol>

    In-case of death of contributor to produce:<\/p>