()/assets/images/3454/n57-million-due-to-ssc2016-12-200.jpg)
N$57 million due to SSC Millions in deficit in fund Outstanding returns have caused a tender for debt collection to be put on offer by the Social Security Commission. 
The Social Security Commission (SSC) is owed N$57 million by employers who fail to submit outstanding returns in time.Furthermore, the commission is running a deficit of approximately N$17.3 million on its Maternity, Sick and Death Fund, figures provided by the SSC show.
The commission recently put out a tender for the collection of outstanding money owed.
SSC spokesperson Castro Tjizoo sought to explain how the debt accumulated and where the fault was.
“The total Employees Compensation Fund (ECF) at the end of October 2016 stood at N$57 million. The Maternity, Sick, Death Fund (MSDF) debtors have positive balances of N$61.5 million and a negative balance of N$78.8 million.
“Negative balances on the MSDF accounts are mainly due to the outstanding returns. This is a form prescribed and provided by SSC which must be completed by all employers, providing details of employees with their salaries and the contributions deducted,” he said.
He explained the rationale behind the issuing of the tender, saying: “Debt collection is an ongoing process, as the Social Security Commission has its in-house debtors' officers who are responsible for reconciling debtors' accounts and collection of outstanding monies, among other tasks.
“Services of collection agencies will only supplement an in-house effort. It is for this reason that the SSC intends to enter into service-level agreements with credible and reputable role players in the market to provide such services.
“The SSC's principal purpose is to administer the funds established under the Social Security Act and the Employees' Compensation Act, as amended.
“In administering these funds, SSC's principal operations include collecting and investing contributions, assessing and paying claims and providing benefits. The funds collecting may thus be used for the SSC to deliver on its mandate.”
OGONE TLHAGE