Namibia | Amendments to Social Security Act, 1994 (act no. 34 of 1994)

Namibia | Amendments to Social Security Act, 1994 (act no. 34 of 1994)

The Social Security Commission (SSC) announced amendments to the Employment Compensation Act and Social Security Act, as per Government Notice No. 8461 dated 01 October 2024, effective 01 March 2025.

 

Key amendments to Maternity Leave, Sick Leave and Death Benefit (MSD):

·        The current maximum basic wage ceiling of N$ 9,000.00 will increase to N$ 11,000.00.

·        The contribution rate will remain at 1.8% of the employee’s basic wage shared equally between the employer (0.9%) and the employee (0.9%) based on the new increased basic wage ceiling of N$ 11,000.00.

·        The minimum wage ceiling will increase from N$ 300.00 to N$ 500.00 per month.

 

To view the public notice, please click here


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