29 March 2023 marks the beginning of the 30-day ultimatum provided for by the amended National Social Security Fund (NSSF) Act requiring all employers in the Small and Medium Enterprises and informal sectors to register with the fund or risk penalties for non-compliance.
According to sections 7 and 13 A of the amended act, employers of any size, including government entities, registered companies, partnerships, trustees, and unincorporated associations, must make mandatory contributions to the fund. The deadline for registration is between March 28th and April 28th, 2023.
Patrick Ayota, the acting Managing Director of NSSF, revealed that since the law came into force a year ago, up to 3,200 employers with fewer than five employees have registered and started contributing to the fund.
