Eswatini National Provident Fund
From The CEO's Desk
The Eswatini National Provident Fund was established in 1974 as a retirement savings scheme, the main purpose of which is to provide benefits for employed persons when they retire from regular employment in old age or in the event of becoming incapacitated.
All employers of labour in Eswatini are required by law to become contributing members of the Fund, and must pay a contribution for every eligible staff member. The employee’s share (one-half of the stipulated amount) is deducted from wages.
The Fund is administered by an independent Board appointed by the Minister for Labour and Social Security to represent the Swazi National Council, Employers, Workers and Government. The Board, and Board Committees, is made up of thirteen (13) members. Three of them represent Employers, three represent Employees, four represent the Government of Eswatini, and two represent the Eswatini National Council and finally the Chief Executive Officer of the Fund.