The National Social Security and Welfare Corporation (NASSCORP) observes its 50th anniversary today, July 10, 2025, in a grand style fashion.
NASSCORP remains one of government’s salient and productive entities that is constitutionally tasked with the responsibilities to ensure that there is life after retirement for retirees, including the provision of benefits in several categories.
Established in 1975, NASSCORP was created to provide social security protection for employees in both the public and private sectors.
The institution administers two key programs: The Employment Injury Scheme (EIS)-offering medical and income benefits to insured employees, who suffered job-related injuries or occupational diseases, and the National Pension Scheme (NPS), which provides retirement benefits to employees and their dependents in the event of death.
Since its birth, NASSCORP has contributed significantly to the country’s socio-economic development.
The Corporation has disbursed millions of dollars in benefits, lifted thousands out of poverty, and fostered infrastructure developments. Through its investment strategies, NASSCORP continues to create a business-friendly environment conducive to job creation, essential for lasting peace and economic stability.
The Corporation has undertaken several initiatives empowering citizens. It distributed millions of dollars between 2017 and 2021, through its programs.
Just to name a few: The renovation of the operating theater at the John F. Kennedy Center and supplying surgical browns accessories, providing uniforms and paying tuition fees for disadvantaged adolescent girls attending schools in and around Monrovia; supplying safe drinking water to hospitals and rehabilitation centers, as well as the donation of 50,000 notebooks to the Ministry of Education to support students in need.
More importantly, NASSCORP has, in the last five years alone, paid US$69, 474,128.99 million in benefits to 15,602 beneficiaries under both the EIS and NPS programs.
NASSCORP has actively engaged in rural and urban development, acquiring properties in key locations, such as Monrovia, Buchanan, Kakata, Tubmanburg, and Voinjama.
Notable projects include a fully furnished 10-bedroom regional office and guest facility in Kakata, Margibi County.
The impressive NASSCORP House, a high-rise multi-purpose building at ELWA junction in Payneville, currently housing the Liberia Revenue Authority.
Residential and commercial facilities in Buchanan, the Voinjama Guest House in Local County, and a regional hub in Kakata and Tubmanburg, complete with office space and staff residences.
Indeed, we choose to commend NASSCORP in a special way for its many contributions to society as she celebrates 50 years of existence.