The National Social Security Fund was established under the National Social Security Fund Act [Cap. 50 R.E 2018] to provide social security services to members from private and informal sectors.
Core Functions
Registration of members,
Collection of contributions,
Investing of the collected contributions
Payment of benefits to members
According to Section 6 of the NSSF Act, the following categories of employers and employees are registrable by the Fund. These categories include the following;
(b) Employees employed in International organizations operating in Mainland Tanzania
(c) Foreigners employed in Mainland Tanzania.
(e) Any other category of persons specified by the Minister
Contributions
The contribution payable by the employer is twenty per centum (20%) of the employee’s monthly wages
The Fund investment activities are conducted in accordance of Fund’s Investment Policy guided by BOT guidelines/Principles and The Ministry responsible for Social Security Sector.
The Fund provides seven benefits which are categorized as long-term benefits and short-term benefits as follows
Long Term Benefits
Short Term Benefits
Health Insurance Benefit
Pension is a term which expresses all long-term benefits offered by the Fund. It defines periodical payments given to a retired member, invalid persons and survivors of the deceased member to replace the loss of income resulting from old age, disability or death.