The National Reconstituted Transitional Legislative Assembly yesterday passed the National Social Insurance Fund Bill 2023 into final reading with all the recommendations and observations.
The Bill, which was changed from “National Social Insurance Fund Bill 2023” to “South Sudan Insurance Bill”, will soon be handed over to President Salva Kiir for assent.
Addressing the media after the sitting on Tuesday, the parliamentary chairperson on information, John Agany, said the Bill will help transform the health sector and open avenues for investors to come into the country to create employment and boost the country’s revenue.
Agany said a decision would be made on how to treat the cases of foreign and national workers.
“We are a member of the East African Community and our alignment in concerning our particular country’s interest is always treated according to the local law of the country,” he stated.
He said that the law would benefit the South Sudanese workers and pensioners and give a chance to those who are retired to go and settle.
“The issue of pension which in fact is the burning issue in this country…there is no one single person who has gone on retirement, which is very unfortunate.”
He added that the country has been running for almost 12 years without the insurance law being implemented.
“I hope from today, the national government will be more serious by putting this into practice and those of us who are ageing should also accept to go home and wait for death in our houses,” he said.
He said by retiring the older workforce, the government will get the chance to employ fresh workers from college to take over.
“That one will also give chances to young people to see light and it will even improve the development…improve the quality of our service to the nation.”
The fund is expected to collect contributions from employees and employers in the private sector and non-governmental organizations, invest in social insurance assets and report on investment returns, and inspect financial records of employees and employers required to make contributions among other functions.
The purpose of the Bill is to establish a National Social Insurance Scheme for the private sector and Non-Governmental Organizations.
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