Providing income security through payment of benefits to contributing members after retirement, invalidity or members' family after death.
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3909Social Change
14Core values
- **Expansion of Social Security Coverage**: NAPSA has extended social security benefits to include informal sector workers, such as domestic workers, bus and taxi drivers, sawmillers, traders, and small-scale farmers, significantly increasing the number of protected individuals[1][2][5].
- **Improved Benefit Structure**: The introduction of the Pre-Retirement Lump Sum Benefit allows members to address immediate financial needs, facilitating investments and improving household incomes[1][3].
- **Investments in National Development**: NAPSA's investments in key infrastructure projects, including roads, housing developments, and power generation, contribute to the country's economic landscape and ensure the sustainability of the pension fund[1][4].
- **Digitization and Modernization**: The transition to digital operations has enhanced service delivery, increased transparency, and made services more accessible to both urban and rural areas[1].
- **Financial Literacy and Economic Boost**: The partial withdrawal policy and financial literacy initiatives aim to improve the economic activities of beneficiaries, boost small-scale entrepreneurship, and enhance the overall wellbeing of senior citizens[3].
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