SSC Announces Changes to Social Security and Employment Compensation Acts
By TUW
The Social Security Commission (SSC) has officially announced amendments to the Social Security Act, 1994, and the Employment Compensation Act, as detailed in Government Notice No. 8461, released on October 1, 2024.
Effective from March 1, 2025, the maximum basic wage ceiling for social security contributions will increase from N$9,000 to N$11,000. Despite this adjustment, the contribution rate will remain unchanged at 1.8% of an employee’s basic wage. This rate continues to be shared equally between employers and employees, with each contributing 0.9%.
Additionally, the minimum wage ceiling will rise from N$300 to N$500 per month.
The SSC has urged all registered employers to update their payroll systems and adjust monthly contributions in line with these changes to ensure compliance.
These updates aim to strengthen social security benefits and enhance income protection for Namibian workers.
