NSIF Budget and Policies Passed at Extraordinary Meeting

(JUBA) – South Sudan’s new National Social Insurance Fund has approved its founding policies and ordered the payment of all pending claims, marking a major step towards full operations.

The NSIF Board of Trustees met in an extraordinary session on Wednesday and passed ten key documents.

These include the NSIF Regulation 2026, a Human Resource Policy Manual, job descriptions, a Board Charter Policy, the Annual Budget for 2026 and 2027, a Corporate Governance Policy, a Code of Conduct and Ethics, a Procurement Policy, a Financial Policy and a Financial Information Digital System Platform.

The Board also resolved to put Public Circular Number 05 of 2026 into effect. This circular was issued by the National Ministry of Labour.

However, the Board stated that the circular must not be applied to past periods. It recognised that the Ministry’s earlier standing order, Circular Number 03 of 2010, was the legal basis for earlier NSIF contribution payouts.

The Board further directed NSIF Executive Management to review all pending claims and clear them for payment without delay.

The policy approvals follow a courtesy call on Tuesday by the Managing Director of the NSIF, Hon. Reech Ring Bol, on the Vice President and Chairperson of the Service Cluster, His Excellency Hussein Abdelbagi Akol.

The Managing Director presented a progress report on the Fund’s work since it was fully established in January 2026.

The NSIF leadership briefed the Vice President on the appointment of the Board of Trustees Chairperson, Deputy Chairperson, and other members by the President on 19 January 2026. The same Presidential Decree appointed Hon. Moluna Reech Ring as Managing Director and Secretary to the Board.

Management also outlined milestones including the first Board of Trustees meeting on 19 February 2026 and a second on 26 June 2026. These meetings led to setting up the NSIF office, approving institutional policies, and recruiting a strong team of experienced professionals.

Challenges facing the Fund were also raised. A lack of financial resources remains the main problem. An establishment budget approved during the first Board meeting is still pending at the Ministry of Finance and Planning.

NSIF management sought the Vice President’s support to direct relevant institutions, including the Ministers of Labour and Finance, to fully back the Fund’s establishment under the NSIF Act of 2023.

In his response, Vice President Akol promised the Service Cluster’s full commitment to supporting the NSIF and resolving its difficulties.

He spoke of the importance of the institution in strengthening social protection and improving the welfare of workers across South Sudan. The Vice President promised to call a general meeting with all concerned institutions and NSIF leadership as soon as possible.