The National Social Security Authority says it will, before the end of the year, undertake an audit of contributing members and pensioners to determine its membership and client base and better predict future cash flows while it has also begun aggressive campaign to migrate pensioners to mobile payment platforms.
This comes as the latest Auditor-General’s report noted that NSSA risked paying benefits to non-contributing individuals, the report also said the authority had no system of maintaining individual employee contribution accounts for remittances made by employers.
In a third quarter update, chairman Robin Vela said before the end of year an audit of contributing members and pensioners will be undertaken. He said,
This will assist in determining our membership and client base, their characteristics and needs, address non-compliance and better project future cash flows.