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by Executive Editors

NSSF crackdown yields results The National Social Security Fund (NSSF) — Lebanon’s largest insurance company and the public provider of social security to the private sector — has been cracking down on evasions, an action that is apparently bearing fruit. Last month the NSSF released a statement saying that its efforts to scrutinize companies that have not registered their employees led to savings and income totaling $27 million for the fund last year, following the close monitoring of 6,233 businesses and 46,541 employees representing 12 percent of total labor force in Lebanon. Some 4,000 previously unregistered employees were enrolled in the fund last year, according to Mohamad Karaki, chairman of the NSSF, while 200 enrollments were revoked for illegally receiving benefits. In an exclusive interview, published in Executive’s September issue, Karaki said that there are now 100 auditors employed at the NSSF, up from as few as 30 the previous

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