The Social Security and National Insurance Trust SSNIT has clarified who can be named as a beneficiary for pension funds. Only spouses and blood relations are eligible to receive these benefits.
Mr Frank Molbila, the General Manager in-charge of Benefits at SSNIT, explained this rule. He stated that employees or members of the scheme cannot register partners who are not family members.
This means that boyfriends or girlfriends cannot be listed as beneficiaries. The trust's policy is to protect the pension funds and ensure they go to legal dependents.
The process for nominating beneficiaries is in place to safeguard members' contributions. SSNIT aims for transparency and adherence to established regulations.
Family members, such as children or parents, are the only ones who can be legally nominated. This ensures that the funds are distributed according to the scheme's rules.
SSNIT manages these funds to provide financial security to members and their families in the future.
The trust encourages all members to review their existing beneficiary nominations. They should ensure they are compliant with the stated regulations.
Members needing further clarification can contact SSNIT directly for guidance on the proper procedures.