This amendment changed N.S.S.F. status from being a department under Labour Ministry into a full fledged parastatal organisation. This autonomy was formalised in February 1988. Presently, the organisation has a Board of Trustees composed of nine members and an established work force of almost 1,064 people. This has enhanced the effectiveness of the Fund's administration. Subject to the availability all the relevant documents, any claim by a member can now be made readily available within a period of few months.
Problematic claims can take longer to process.
Some employers also appear to be ignorant about the procedures to be followed in the recruitment of members and subsequent remissions of members' contributions to the Fund after their recruitment. This is a serious shortcoming that calls for employers' education and is a problem the Fund is addressing itself to. The Fund is an important institution in the economy. The Fund plays a beneficial role by providing security to the old age contributors after retirement. N.S.S.F. also assists the nation in realising local savings for development purposes.