Pension
The National Provident Fund of Eswatini provides retirement benefits to insured members. All employees must be registered into the fund by their employers. Contributions to the fund are paid by both employees and employers.
The retirement age is 50 years (or 45 years for those who are retired due to permanent disability). If a member, having qualified for age benefit at 50 years, continues to work, the employer must continue to pay contributions for him/her. The employer must wait 2 years before claiming a benefit again. Upon retirement, the benefit is paid as an annuity or lump sum of total sum of the contributions paid and accrued interest.
There is also a universal social welfare scheme funded by the government that grants age benefits to those citizens or permanent residents who reached 60 years of age. They must live in Eswatini to be eligible for benefits. The benefit is paid as SZL 500 (Swazi lilangeni) per month.
Dependents/Survivors Benefits
Eswatini's National Provident Fund grants benefits to survivors of an insured member who dies before qualifying for a personal benefit. The survivors include family members. The total benefit paid to them is the total sum of the contributions paid and accrued interest in the deceased member's account. The benefit is shared among survivors in proportions that the member had submitted to the executive officer in writing.
If an employee dies due to a work-related injury or disease, the survivors of the deceased receive 48 times the monthly salary of the deceased. They are also paid a funeral grant of SZL 500.
Invalidity Benefits
Eswatini's National Provident Fund provides disability benefits to insured members who become permanently disabled physically or mentally. There are no age requirements. The beneficiary must submit a doctor's medical report confirming his/her member’s incapacity to continue with gainful employment as a result of the accident or sickness or mental illness. The benefit is paid as an annuity or lump sum of total sum of the contributions paid and accrued interest.
There is a universal social benefit scheme for Eswatini citizens and permanent residents who are permanently disabled. The grant is SZL 280 per month.
In case of disability due to work-related accidents or occupational diseases, employees are entitled to benefits paid by their employers (through insurance), depending on the type and degree of disability.