NASSCORP Gets Tough on Delinquent Entities Soon


By: Lewis K. Glay

Monrovia, Liberia

Distributed by

The Perspective
Atlanta, Georgia

Posted December 21, 2004

The National Social Security & Welfare Corporation (NASSCORP), is to soon take stringent measures to deal with delinquent companies and businesses that fail to make remittance to the corporation as required by law.

According to the Director-General of NASSCORP, L. Orishall Gould, many entities and Liberian owned businesses that are registered with the corporation were reneging on remitting their conservation to the corporation, which is their responsibility.

Mr. Gould said, management has observed with disbelief that some entities only focus on reducing their payrolls thus paying the net instead of the gross, something he termed as being “wrong.”

The NASSCORP boss who spoke to The FORUM recently during an exclusive interview at his office in Sinkor, said it could be wise guess for him to give reason why these entities were doing so, but as he put it, “Some people just don’t care to pay.”

He said because the scheme was designed by the National Social Security law to protect the ensured employees, NASSCORP will be very vigilant to go after these delinquent entities to remit their conservations.

© 2004: This article is copyrighted by the Forum newspaper (Monrovia, Liberia) and distributed by The Perspective (Atlanta, Georgia). All rights reserved.