Excellence in administration

  • ISSA Guidelines:
  • Contribution Collection and Compliance

Excellence in administration

  • ISSA Guidelines:
  • Contribution Collection and Compliance

Contribution Collection and Compliance -
Guideline 12. Collecting paid contributions and transferring them to the fund administration

The institution monitors compliance with its standards governing the collection of contribution and their transfer to the fund or social programme administration.

These processes play a fundamental role in the sustainability of the social programmes because they enable the transfer of the financial resources they are intended to receive.

Where these collection functions are carried out by banks or other financial institutions, it is especially important that the social security institution is able to monitor the collection and transfer of contributions to ensure that the processes meet the standards set by the social security system.