The National Social Security Authority (NSSA) is a statutory body in Zimbabwe that is responsible for administering social security schemes for employees and employers. Employers in Zimbabwe are required to comply with NSSA regulations in order to ensure that their employees are covered by social security benefits.
The main NSSA regulations that employers must comply with include:
- Registering with NSSA
- Deducting NSSA contributions from employees’ salaries
- Paying NSSA contributions to NSSA on a monthly basis
- Maintaining accurate records of NSSA contributions
- Submitting NSSA returns to NSSA on a monthly basis
Employers who fail to comply with NSSA regulations may be subject to penalties, including fines and imprisonment.
Here are some of the benefits of complying with NSSA regulations:
- Employees are protected in the event of injury, sickness, unemployment, or old age.
- Employers are protected from legal action by employees who have not been covered by social security benefits.
- The government is able to collect revenue to fund social security programs.
- The economy is boosted by increased spending by employees who have social security benefits.
By complying with NSSA regulations, employers can help to ensure that their employees are protected and that the economy is boosted.
Here are some of the steps that employers can take to comply with NSSA regulations:
- Register with NSSA by completing the NSSA registration form and submitting it to NSSA.
- Deduct NSSA contributions from employees’ salaries by using the NSSA contribution table.
- Pay NSSA contributions to NSSA on a monthly basis by using the NSSA payment form.
- Maintain accurate records of NSSA contributions by keeping copies of all NSSA contribution forms and NSSA returns.
- Submit NSSA returns to NSSA on a quarterly basis by using the NSSA return form.
By following these steps, employers can help to ensure that they are complying with NSSA regulations and that their employees are protected by social security benefits.
