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National Social Security Fund

 

Fund size :     
Fund Close:
Description: The National Social Security Fund (NSSF) is the government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds of all employees in all sectors of the Tanzania economy that do not fall under the governmental pension schemes. There are two other pension fund organizations in the country: the Public Service Pensions Fund for all employees working directly under the government and the Parastatal Pension Fund for all employees working under governmental parastatals. The NSSF was founded in 1997 as the successor to the defunct National Provident Fund (NPF). NSSF covers all other employers in the country and participation for both employers and employees is compulsory. NSSF is both a pension fund and a provident fund.
Investments:

Kigamboni Bridge, which is a Joint Venture project between the Fund (60%) and Government (40%)

Real estate projects, including the Dege Eco Village, the Kiluvya Hills and Mtoni Kijichi

 

 


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