Farley And Partners


The National Provident Fund

Social Security and Housing Finance Corporation was established by an Act of Parliament in 1981. The purpose of the Fund is to provide some measure of protection for members against interruption or loss of earning power as a result of specified contingencies: Old age, premature retirement, retirement on grounds of marriage (female only), invalidity, death and now redundancy.

The Social Security and Housing Finance Corporation Act 1981 applies to :

  1. Any employer whose business is required to be registered under the Business Registration Act 1973.
  2. Any employer  not specifically exempted from the previsions of the SSHFC Act;
  3. Any employer and employee to whom before the coming into force of this Act, the State Pension Act applied;
  4. Citizens of the Gambia employed by Diplomatic Mission or International Institutions of equivalent status, and
  5. Any employee (irrespective of nationality) of not less than 18 years of age employed in an establishment which is registrable under the Business Registration Act 1973:

The Social Security and Housing Finance Corporation Act does not apply to the following categories of person :

  1. Civil Servants to whom the Pension Act 1950 ( Cap. 137) applies;
  2. Workers below the age of 18 years of age;
  3. Workers above the age of 59, except on special arrangement;
  4. Casual employees on a fixed term contract not exceeding one month duration; and
  5. Any other category of employees which the Managing Director in his discretion shall determine to be casual employees.

The registration of employees is done one a prescribed registration form; NPF2 form. Employees are required to give full and accurate information about themselves. Registering employees are required to provide information on the following among other things:

  • Full name
  • Permanent address
  • Correct date of birth
  • Exact employee salary
  • Marital status
  • Date employing commenced
  • Date of admission into
  • Employee nominees
  • Signatures of employee and employer

Employees must submit along with the completed registration form, two recent identical passport-size photographs and a genuine documentary evidence of birth – either a birth certificate, an attestation by village head endorsed by The District Chief or a National Identity Card.

Submit Genuine date of birth

It is very important to submit birth documents to authenticate dates of birth so as to facilitate the processing of membership cards. Undocumented dates of birth will delay payment of benefits at time of claim as all birth dates must be documented before benefits are paid.

Exact Salary

It is important to state your exact salary. Contribution are based on your basic salary. Make sure your salary is correctly stated on your form to enable SSHFC determine your contribution.

Date Employment Commenced

Registering members must sate the dates on which they commence work/employment. Your membership effectively starts on that date. Do not submit an inaccurate date.


To authenticate the information on the registration form, the employer and employee are required to sign it.

Nominees of a Member

Defendants of a member such as children, spouses or in their absence, parent and siblings should be listed as nominees. The addresses and ages of the various nominees should be clearly inserted and apportionment of percentages to each beneficiary indicated. The list must be updated as and when circumstance change. If you need to change your list, contact SSHFC.

Importance of Registring

Every employee to whom the SSHFC Act applies should ensure their registration with the Fund. This is the sure way of securing themselves and their families and guaranteeing income after retirement, or in the event of any of the specified contingencies such as death, redundancy, ill-health, etc. Etc.

Voluntary Registration

Any employer or employee to whom the Social Security and Housing Finance Corporation Act does not apply, may voluntarily register with the fund.

Dual Membership

When an employee is concurrently employed by two or more different establishments, each shall pay to the Social Security Fund an amount equal to fifteen percentum of the salary or wages such employer pays to the employee.

Once you register with the fund you are assigned a number. This number is the account number with SSHFC. For all your enquiries, you must quote that number to facilitate transaction with the fund. A membership card is also issued after completing the registration process. i.e. filling the registration form and submitting two passport-size photographs and a genuine documentary evidence of birth as mentioned above.

The contribution rate is 15% of basic salary of the employee: 5% deducted from the wages of the employee and 10% paid by the employer on behalf of the employee.


The remittance schedule (NPF3 FORM) must accompany all contribution payments. These schedules must be accurately completed giving names, salary, Social Security numbers and the amount payable for each employee. With these numbers, member’s accounts are updated as contribution are pain in.

The employer shall remint to the social security fund, all contributions due, not later than the 15th day of the month following that in which the relevant salary or wages were paid. A penalty charge of 5% of the unpaid amount is levied on the employer for the late payment of contribution for each month or part of the month such amounts remain unpaid.

When a member transfers from one employer to the other, it should be made known to SSHFC so that the necessary transfer is effected in the office. This will help keep track of members and prevent delay in processing their claim in due course.

For most members their concern is when and how to access their contributions. It is important to note that the savings in the National Provident Fund are for retirement purpose above other considerations. However apart from the normal retirement, there are contingencies that allow members to get part if not all their money.

At retirement a claimant receives a lump-sum made up of :

  • the 10% contribution of the employer
  • the 5% contribution made from your salary
  • plus a very generous interest rate based on the average rate on investments

Under the National Provident Fund, all the benefits are paid in one off mode, so that there is nothing like a regular pension. However at the request of the claimant part of the lump sum may be converted into an annuity, receivable periodically.

After retirement, ones earning capacity is reduced. Therefore, the advice is to wisely invest your money to guarantee a sustained income during retirement.


To qualify for the withdrawal benefit under subsection 29(4) of SSHFC Act, a member must prove to the Managing Director that

  • he/she has attained the age of 45 years
  • he/she has been out of employment for at least two years

The whole account its payable in this type of benefit and the account would be closed.


The Withdrawal Benefit is payable to a member who proves t the Managing Director that :

  • he/she has attained the age of 45 years
  • Is not in employment

Members who have not attained the normal retirement age of 60 but wish to prematurely retire from work can do so at the age of 45 or thereafter. However there is a cooling off period which depends on the age of the member at the time of retiring.

For those withdrawing between the age of 45 and 54, 6 months cooling off period must be observed; and for those aged 55 and above, 3 months cooling off period is required provided that such retirees did not receive any benefits previously. This benefit is not payable to a member who leaves one employer for another.

The cooling off period begins from the date of submission of claim.

The withdrawal benefits is paid as follows:


Age Percentage of accrual payable
45 – 54 70%
55 – 59 85%


The balance in the members’ accounts shall be payable on normal retirement or when entitlement is established under the other contingencies, subject to qualifying conditions relating to those contingencies.

The resumption of employment before the expiry of the cooling off period shall terminate entitlement to benefit.

Members who prematurely retire can re-join the scheme if they are nor more than 59 years of age.

The optional withdrawal Benefit was introduced to address the problem of the mass redundancies that ensured as a results of the Economic Recovery Programme (ERP) during the early 1990’s.Members who were affected by the mass redundancies had the option to withdraw part of their savings.

The benefit is also available to members employed by companies/institution that have been liquidated and have served a minimum of five years and female members wishing to retire on grounds of marriage.

A member whose employment is terminated on grounds of redundancy, Marriage (female member only), and compulsory retirement can be paid part of his/her benefit depending on his/her age. Such person must have completed at least 5 years scheme membership and after a cooling off period of 3 months being jobless. This benefit is payable as detailed below.




25 – 31 years


32 – 38 years


39 – 44 years


45 – 54 years


55 -59 years


A member who received optional withdrawal benefits before the start of this regulation (2005) shall qualify to withdraw the balance of his/her account after attaining the age fifty-five years, Subject to satisfactory proof of unemployment for at least one year following termination of employment before the start of his regulation and the absence of intentions of re-engaging in gainful employment.

A member, who received optional withdrawal benefit before the commencement of this regulation shall be entitle to receive the balance in the account after the commencement of this regulation, provided he remains unemployed for the three months following termination of employment after the age of fifty-five years and does not intend to re-engage in gainful employment.

The benefits under this regulation shall not be payable to any person leaving one employer for another.

The resumption of employment shall terminate entitlement to benefits under this regulation.

This benefit is payable to a member of the Fund who proves to the satisfaction of the Managing Director on the recommendation of a properly constituted Medical Board that by reason of permanent physical or mental disability, he/she is unable to continue to engage in any gainful employment.

Where a member’s disability is total and permanent, the benefit payable shall be the full balance in his account. Where a member’s disability is partial and temporary, the initial benefit payable shall be a proportion of his/her current balance in his account. A claim for further settlement may be considered by the Managing Director if he deems it necessary, taking into account the degree of disability and the permanence of disability.

In the case of a mentally disabled, the benefit payable shall be installment to the person in whose care the member is or to the Public Trustee.

Survivors’ benefit is payable to the nominees of a deceased member and the claim must be accompanied by :

  1. a letter of claim by the nominee(s)
  2. Evidence of the death of the member – a death certificate or a document from the chief of the area where the deceased was buried.
  3. Photographs and birth certificates of all who have a legitimate claim on the estate of the deceased.

This benefit is usually paid to female members who are married or are marrying and wishing to retire. The qualifying conditions are as follows :

  1. Must be out of employment.
  2. Must be married with a marriage certificate to prove it
  3. Must have at least five years scheme membership and a three-month cooling-off period observed.

The conditions under the Optional Withdrawal Benefit also apply to women retiring on grounds of marriage.

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