Botswana’s Retirement Fund System and Interact SSAS
Botswana’s Retirement Fund System: History, Reforms, and the Future with Interact SSAS Introduction Botswana’s pension landscape has undergone significant transformation since the country gained independence in 1966. What began as a system focused primarily on civil servants has evolved into a multi-pillar retirement structure, encompassing universal old-age pensions, occupational pension schemes, and voluntary savings. While these developments reflect Botswana’s economic growth and commitment to social protection, challenges remain in managing legacy systems, paper-based processes, and fragmented data. In today’s digital age, pension administration must keep pace with rising expectations for efficiency, transparency, and accessibility. Interact SSAS, a comprehensive social security administration system, can provide the ideal platform to modernize Botswana’s pension infrastructure. This blog explores the historical evolution of Botswana’s retirement fund system, its current structure, and how a system like Interact SSAS can support and enhance both public and private sector pension administration. Early Development of Botswana’s Pension System...