National Pensions Fund (NPF)
The National Pensions Fund (NPF) plays a crucial role in managing contributions to the National Pensions Scheme in Mauritius. This scheme encompasses contributions from both employees and employers across the public and private sectors. These contributions, combined with other mandated payments like the levy under the Industrial and Vocational Training Act, various bonuses, and paid leave, collectively amount to approximately 30% of the basic payroll for employers.
Additional Employer Obligations
Under Mauritian labour regulations, employers may also be obligated to provide additional benefits depending on the sector and specific employment conditions you can visit the following page to learn more about ‘working conditions’. For instance, meal allowances are often required when employees work overtime. Similarly, travel allowances are common in sectors where the commuting distance between the workplace and the employee’s residence exceeds specified limits.
Compensatory Benefits
There are provisions for compensating employees who do not utilise their entitled annual or sick leave, typically through monetary equivalents. These fringe benefits are designed to ensure that employees are adequately compensated and incentivised in line with national labour standards.
Social Security Benefits
Mauritius provides comprehensive social security coverage, including medical care and old age pensions, funded by the government. However, the National Pension remains a contributory scheme managed through the NPF.
Benefits for Expatriate Executives
Expatriate executives often receive additional fringe benefits beyond what local employees may typically receive. These can include house allowances or free accommodation, a company car, airfare for family visits to their home country, and contributions towards their children’s school fees. These benefits are aimed at attracting and retaining skilled international talent in Mauritius’s diverse economic sectors.
Summary
The NPF and associated labour regulations ensure a structured approach to employee benefits and social security in Mauritius. By managing contributions and ensuring compliance with benefit provisions, the system supports both employers and employees in maintaining equitable and sustainable employment practices across various sectors of the economy.
