Contracting Out of NSSF

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Contracting Out of NSSF

What does “contracting out” mean? Under the 2013 NSSF Act, employers can apply to the Retirement Benefits Authority (RBA) to redirect their Tier 2 contributions from NSSF to a registered private retirement scheme, like the ICEA LION Guaranteed Umbrella Fund.

Your employer benefits from:

  • Better returns on Tier 2 contributions.
  • More engagement and support for members.
  • Faster benefit payouts when employees retire.
  • Trusted service, stability, and secure management of retirement savings.

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