Director of Investments of National Social Security and Insurance Trust (NASSIT) Dr Brima Kargbo has told Journalists in a one day seminar at Golden Tulip that their investments are not doing badly as they are lifetime investment. He said NASSIT was established by an Act of parliament, Act No 5 of 2001, and it was established to administer the country’s National Pension Scheme. It covers three major contingencies: Old age, Invalidity and Death and it is a partially funded scheme. He averred that the financing of the scheme primarily comes from contributions and investment earnings. Talking about NASSIT investment activities, Dr Brima Kargbo said the amount of current contributions not needed to pay benefits is accumulated in a reserve fund. “Such reserve amounts are used
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