NASSCORP On Retirees Care
By Domingo Dargbeh
The management of the National Social Security and Welfare Corporation (NASSCORP) said, it is making significant strides by enhancing the welfare of its beneficiaries.
NASSCORP’s Director General, Dewitt VonBallmoos, made the pronouncement at program marking the entity’s 50th anniversary in Monrovia.
VonBallmoos told the exited gathering that the new initiatives aimed to support retirees, who have worked to support the country’s developmental agenda.
He told the gathering that retirees’ care and rewards are the corporation’s top priorities.
VonBallmoos announced that as of today, (Thursday, July 10, 2025), beneficiaries will begin receiving a monthly stipend of US$50, or L$8,500.
This initiative, he said, is part of the corporation’s ongoing commitment to improve the livelihoods of its retirees, marking a significant step towards financial security for many.
“Our sources of funding are deeply rooted in the support of the government and the private sector,” VonBallmoos boasted.
He highlighted the transformation of NASSCORP over the past five years, evolving a basic structure to a multi-million dollar institution with various infrastructure projects across the nation.
Notably, the corporation now hosts the Liberia Revenue Authority (LRA) offices and the Jamale Hospital in its facilities, generating vital resources for further development.
VonBallmoos underlined that the transformation of NASSCORP has been achieved through collective efforts, promoting accountability and transparency since the beginning of his stewardship.
He expressed gratitude for the collaborative spirit that has driven the corporation’s success.
The keynote speaker, Counsellor Moiffie Kanneh, praised D.G. VonBallmoos, and his team for their dedication to the institution’s transformation, particularly the infrastructure development and staff welfare.
“This is one of the best government institutions that have been transformed,” he remarked, reflecting on the positive changes and improvements seen under the current leadership.
As NASSCORP continues to evolve, the focus remains steadfast on enhancing the quality of life for retirees and ensuring sustainable growth through strategic partnerships and innovative initiatives.
The announcement of the new monthly stipend is expected to bring relief and support to many beneficiaries as the institution forges ahead in its mission.