INTRODUCTION

It is a social security scheme established by the Public Service Retirement Benefits Act No.2 of 1999 to replace the former Pensions Ordinance Cap. 371 of 1954.

COVERAGE

Members of Public Service Pensions Fund are Government employees employed in Tanzania and employees employed by Executive Agencies established under an Act of Parliament.

VISION

The country's strongest social security institution in terms of resources and the most preferred social security provider in terms of quality of member services

MISSION

To provide competitive social security Services to our members in the most efficient and effective manner using dedicated staff and appropriate technology.

VALUES

• Provide high quality services promptly, effectively, and courteously;
• Be good corporate citizens always acting in the best interest of our members;
• Be responsible stewards of the funds with which we are entrusted;
• Promote responsiveness and innovation towards evolving needs of our esteemed members.

OBJECTIVE

The objective of the Fund is to provide for contributions to and payment of pensions, gratuities and other benefits in respect of the service to all pensionable Government Employees as well as those employed in Executive Agencies.

THE SCHEME

The Public Service Pension Fund is a defined benefit social security scheme operating on social insurance principles. Members of the Fund contribute periodically and receive benefits as and when they qualify.

FUNDING:

Sources of funds are:

• Employees contribution i.e. 5% of the basic salary;
• Employers contribution i.e. 15% of the employee's basic salary;
• Monies accrued from investments of the Fund;
• Such sums as may be appreciated by Parliament for the purpose of the Fund;
• Income and Capital appreciation derived from the holding of the assets of the Fund.

BENEFITS CONFERRED UNDER THE SCHEME

• Old age;
• Invalidity;
• Death Gratuity and Survivors' pension;
• Funeral Grant;
• Withdrawal.

PENSIONS

The main purpose of Pension is to provide a replacement of income to persons who have permanently lost income.

OLD AGE PENSION

It is a benefit paid to a member who has attained the age of 55 or 60 years of age voluntarily or compulsorily respectively.

INVALIDITY PENSION

The concept of invalidity is based on loss of earning capacity due to inability. The assessment of invalidity will be undertaken by an established Medical Board.

SURVIVORS PENSION

The benefit is payable to dependants of the deceased member. Dependants include Spouse, children and parents of deceased officer. The survivors pension is payable without prejudice to the relevant laws of inheritance.

DEATH GRATUITY

Where a member dies while in the service, the Board shall grant to legal representative a gratuity of an amount not exceeding either his annual pensionable emoluments, or commuted pension Gratuity, if any, whichever is greater.

FUNERAL GRANT

A funeral grant shall be paid to family members of the deceased member as condolence.

WITHDRAWAL BENEFITS IN RESPECT OF:

• MARRIAGE
  Paid to a female member who gets married and consequently gives up gainful employment.

• MATERNITY
  Paid to a female member who has given birth to a child and has permanently given up gainful employment.

• EMIGRATION OR UNEMPLOYMENT
  Paid to member who is emigrating or has emigrated from United Republic of Tanzania.