Pension & Retirement Security
Objectives
Securing a Stable and Dignified Future for Workers
After years of hard work, every worker deserves a secure and dignified retirement. However, without a structured pension system, many oil and gas workers in Somalia face financial insecurity once they leave the workforce. NUSOP is dedicated to advocating for long-term financial protection for all workers, ensuring they can retire with peace of mind.
Advocating for a National Pension System
A strong pension system is the foundation of retirement security.
- Pushing for Legislation on Worker Pension Rights – We lobby for laws that mandate employer contributions to a pension fund.
- Creating a National Pension Fund for Oil & Gas Workers – We work with financial institutions to develop a structured and sustainable pension plan.
- Ensuring Universal Coverage for All Workers – We advocate for pension benefits that extend to contract, temporary, and freelance workers in the industry.
Providing Financial Security and Retirement Planning
Beyond pensions, we help workers prepare for their financial future.
- Financial Literacy & Retirement Planning Programs – We offer training on savings, investments, and pension fund management.
- Collaboration with Global Financial Institutions – We partner with experts to ensure that Somali workers benefit from internationally recognized retirement plans.
- Securing Social Protections & Healthcare for Retirees – We advocate for additional post-retirement benefits such as healthcare coverage and housing support.
By ensuring a well-structured pension system and financial support mechanisms, NUSOP guarantees that workers can retire with dignity and financial stability, free from uncertainty about their future.