Introduction of the Transition Unemployment Benefit for redundant workers
Transition Unemployment Benefit was introduced in Mauritius under the Workfare Programme in February 2009 as per the Employment Rights Act 2008. It was set up to provide financial assistance to workers in the private sector who are laid-off and opt to join the Workfare Programme.
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Communication of the investment strategies of the National Pensions Fund
The National Pensions Scheme was established under the National Pensions Act 1974. It is a mandatory pension scheme for employees in the private sector and is managed by the National Pensions Fund. The responsibility for the investment of the surplus fund is entrusted to an Investment Committee set up under the provision of the Act. The implementation of the decisions of the Committee is undertaken by the staff administering the Fund. The Fund has accumulated some USD 2.5 Billion since its creation.
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Disclosure of information
In October 2008, the Investment Committee of the National Pensions Fund took the decision to release regular press communiqué with respect to investment of surplus funds and the investment portfolio.
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Improvement in service delivery – payment of pension by post offices
The National Pensions Scheme which operates under the aegis of the Ministry of Social Security, National Solidarity and Reform Institutions was effecting monthly payment of pensions to some 200,000 beneficiaries through three methods of payment.
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Collection of contribution and submission of return electronically
The contribution network system (CNP) was introduced in July 2001. To keep pace with advancements in technology, the need for such a system was felt by the Ministry of Social Security, National Solidarity and Reform Institutions, employers and workers. To facilitate payment of contributions and submission of returns through a quick and secure medium, the Ministry successfully adopted a new electronic system while enacting the appropriate legislation to obtain information in a more reliable way.
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