Pensions: Useful information

The pension scheme is one of the four branches of social security in Mali.

• Pensions,

• Family benefits,

• Compulsory health insurance,

• Work-related accidents and occupational diseases.

It is a compulsory scheme taken out in the employee’s name, designed to protect them and their dependants against the risk of loss of income due to old age, disability or death.

Its administration is entrusted to the National Social Security Institute for workers covered by the Labour Code.

For a long time, this was the only scheme under which the insured person was required to contribute 40 per cent of the sectoral rate set at 9 per cent, of which 2 per cent was for disability/death and 7 per cent for old age. 

The legislator’s decision to require the insured person to contribute, as is the case with health insurance, is justified by the fact that the risks covered arise during periods when the employment contract is terminated or suspended for reasons not necessarily work-related.

Consequently, employers are obliged to pass on the employee’s share, which has been deducted at source, as a matter of priority and in all circumstances; failure to do so may result in the institution seizing their assets directly and in sanctions by the criminal courts for withholding and misappropriation of deductions (Article 214).