The Gambia SSHFC Pension & NPF Calculator 🇬🇲
Estimate statutory retirement payouts under the Federated Pension Scheme (FPS monthly pension + cash gratuity) or National Provident Fund (NPF lump-sum accumulation) with SSHFC in Gambian Dalasi (GMD).
Select your employment social security classification
Final pensionable emolument before retirement
Minimum 10 years (120 months) required for monthly FPS pension
Statutory retirement age is 60 (early voluntary from 55)
FPS members can take 1/4 of their pension immediate lump sum
Annual compounding interest credited to member accounts
The Gambia SSHFC Scheme Comparison Matrix
| Benefit Element | Federated Pension Scheme (FPS) | National Provident Fund (NPF) |
|---|---|---|
| Coverage & Membership | Civil service, statutory authorities, parastatals | Formal private sector companies & commercial firms |
| Contribution Structure | Defined benefit (typically employer-backed or 5%/19%) | Defined contribution (5% Employee + 10% Employer) |
| Retirement Payout Type | Monthly life pension + optional 25% cash gratuity | Full lump-sum accumulated balance with interest |
| Minimum Service Rule | 10 years (120 months) for monthly pension | No minimum period (full balance returned) |
| Pension Formula | (Service Months ÷ 720) × Final Salary (max 66.7%) | Sum of Contributions + Compounded Board Interest |
Frequently Asked Questions (FAQ) - SSHFC Pension in The Gambia
How is the SSHFC Federated Pension Scheme (FPS) calculated?
The statutory formula under the Social Security and Housing Finance Corporation (SSHFC) Act is: (Total Months of Contributory Service ÷ 720) × Final Monthly Basic Salary. The maximum replacement rate is 66.67% (two-thirds of final salary, reached at 40 years / 480 months).
What is the FPS 25% gratuity commutation option?
Retirees under the FPS can choose to commute up to 25% of their pension into an immediate tax-free lump-sum gratuity calculated as 12.5 times the annual commuted value, receiving the remaining 75% as a monthly pension for life.
What is the minimum service requirement to qualify for an FPS monthly pension?
An employee must complete at least 10 continuous years (120 months) of contributory service to qualify for a monthly life pension. Employees retiring with less than 10 years receive a short-service gratuity grant.
How does the National Provident Fund (NPF) pay out retirement benefits?
For private sector workers in the NPF, total contributions (5% employee + 10% employer) accumulate with annual compound interest declared by the SSHFC board, paid out as a full lump sum upon reaching statutory retirement age (60).
What survivor benefits are provided by SSHFC upon a pensioner's death?
Under the FPS, designated surviving spouses and eligible orphans receive 50% of the deceased member's monthly pension. Under the NPF, 100% of the remaining accumulated fund is transferred to legal heirs.
Engr. Muhammad Shahzad
Verified Technical AuthorPrincipal Civil & Systems Software Engineer specializing in actuarial pension modeling, West African social security frameworks, and SSHFC provident fund computation.
📊 Gambia Revenue Authority (GRA) & SSHFC Pension Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (GMD) |
|---|---|
| Primary Net / Statutory Payable Amount | D 0.00 |