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Sierra Leone Pension Guide 2026

Sierra Leone's pension system is operated by the National Social Security and Insurance Trust (NASSIT). It is a defined-benefit scheme providing monthly retirement pensions, invalidity benefits, and survivor benefits. The standard retirement age is 60. Total mandatory contributions are 15% (5% employee + 10% employer) of pensionable earnings.

Overview — NASSIT Pension Scheme

The National Social Security and Insurance Trust (NASSIT) administers the mandatory social security pension scheme in Sierra Leone. Established under the NASSIT Act, the scheme provides retirement income security for all formal sector workers. The scheme is a defined-benefit system where pensions are calculated based on the contributor's earnings history and years of contribution. NASSIT invests the pension fund in a diversified portfolio including government securities, corporate bonds, and real estate.

Retirement Age — 60

The standard retirement age in Sierra Leone is 60. Workers may retire early (typically from age 55) with reduced benefits. Deferred retirement beyond age 60 may increase the monthly pension. To qualify for a monthly pension, a worker must have contributed for a minimum number of years (typically 15 years or 180 months). Those with fewer contributions receive a lump-sum payment instead.

Pension Calculation

The NASSIT pension is calculated using a formula based on:

  • The contributor's average pensionable earnings over a specified period
  • The number of years of contribution
  • An accrual rate (typically a percentage per year of contribution)

The pension is indexed to inflation through periodic reviews by NASSIT. Upon the member's death, survivor benefits are payable to the spouse and children.

Voluntary Contributions

Self-employed individuals and informal sector workers may contribute to NASSIT on a voluntary basis. This allows them to build retirement savings and qualify for the same benefits as formal sector employees. NASSIT has outreach programmes to encourage voluntary participation.

FAQs

Can I withdraw my NASSIT contributions if I leave Sierra Leone permanently?

Yes, if you emigrate from Sierra Leone permanently, you may apply for a refund of your NASSIT contributions. Documentary evidence of emigration is required.

How much will my pension be at retirement?

The pension depends on your average earnings and contribution years. NASSIT provides pension statements to contributors showing estimated benefits.

Are self-employed workers covered by the pension system?

Self-employed workers may contribute voluntarily to NASSIT to build retirement savings.

Disclaimer

This guide provides general information about Sierra Leone pensions for the 2026 tax year. Pension laws, contribution rates, and benefit calculations may change. Always consult with a qualified Sierra Leone pension advisor or NASSIT for advice specific to your situation. InvestmentKit does not provide pension advice.

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