Following the announcement made by President Patrick Herminie on Friday 10th April 2026, the Seychelles Pension Fund (SPF) has joined the national initiative to assist targeted local business community and employers affected by the war escalation in the Middle East, through a proposal to alleviate the associated financial pressures. SPF shall introduce a deferred contribution option for employers only, for a period of 3 months, starting from March 2026 contributions due on 21st April 2026 until May 2026. The payment due date for March to May 2026 contributions will be 30th June 2026 without the applicable surcharges. The employee contributions remain applicable in view that they are deducted directly from the employees’ salary.
The proposal shall be applicable to all employers within the tourism industry, wholesaler and retail businesses only who are up to date with their contributions but are currently unable to meet their payment obligations due to the ongoing situation.
To recall that during the Covid 19 period, SPF reached out with a series of measures including deferment in contributions to reduce pressures from the pandemic. Similarly, SPF operated a deferment of payment for businesses in the Providence, Cascade and Petit Paris area pursuant to the 7th December 2023 explosion at the ex- CCCL.
