GIS – 4 September 2013: For Financial Year 2011, Government devoted a total of Rs 21 715 million on Social Security and Welfare. As reported by Statistics Mauritius, this sum represents 27.3% of total Government expenditure and 6.7% of the Gross Domestic Products.
The number of beneficiaries of Basic Retirement Pension (BRP) increased by 5.4% to reach 169 847 as at end of 2012 and the cost to Government went up by 11.3% to reach Rs 7 981 million. According to projection, basic retirement pensioners would more than double in 2052 to reach around 368 000 and the amount disbursed is expected to increase from Rs 8.0 billion to Rs 18.1 billion.
Social Aid is an income-tested scheme which is payable to the head of a family who is incapable of earning his living adequately and who has insufficient means to support himself and his dependents. The total number of families benefiting from such assistance increased by 3.3% from 20 191 in December 2011 to 20 855 in December 2012. Consequently, the total amount paid to beneficiaries increased by 6.6% to reach Rs 702.2 million in 2012.
In a bid to support needy Mauritians for the purchase of rice and flour, a Food Aid Scheme and an Income Support Scheme was introduced when Government’s subsidy on rice and flour was discontinued. As at December 2012, 87 200 persons were benefiting from Food Aid scheme or Income Support Scheme amounting to a total of Rs 267.9 million.
With regard to Unemployment Hardship Relief (UHR), the number of beneficiaries increased by 6.5%, from 589 in December 2011 to 627 in December 2012. The UHR is payable to unemployed heads of families whose family income is not sufficient to meet the needs of the members. The amount paid to these beneficiaries rose from Rs 13.8 million in 2011 to Rs 16.3 million in 2012 showing a 18.4% increase.
In 2012, there were more than 311 000 employees who have contributed to the National Pensions Fund (NPF) while contributions received from both employees and employers amounted to Rs 2 477.7 million. As at 31st December 2012, the size of the Fund in terms of total net assets grew by 7% to attain Rs 79.5 billion. The National Pension Scheme, introduced in April 1976, makes provision for the payment of contributory pensions to those employees of the private sector who have contributed to the NPF.
On the other hand, the number of employees registered to the National Savings Fund (NSF) rose from around 375 400 in 2011 to 378 200 in 2012, showing an increase of 0.7%. At the same time, the total contribution received, exclusive of surcharge, rose by 7.5%, from Rs. 1137.1 million in 2011 to Rs 1 222.3 million in 2012. The NSF was set up in 1995 to replace the Employees Welfare Fund with the objective to providing for the payment of a lump sum to every employee on his retirement at the age of 60 or earlier, or to the beneficiary on his death, amongst others.
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