Browsing by Author "Mwikila, Francisca"

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    Analysis of the factors affecting performance of social security schemes in Tanzania: the comparative study between GEPF and PPF
    (University of Dar es Salaam, 2012) Mwikila, Francisca
    Social security in Tanzania covers a wider variety of public and private measures meant to provide benefits in the event of the individuals’ earning power permanently ceasing, being interrupted, never developing or being exercised only at an acceptable social costs. Pension schemes are the principle source of retirement income and other benefits in relation to unforeseen contingencies an individual can incur. Factors affecting efficiency of social security schemes was the general objective of this study. The methodology used to undertake this study was exploratory design in which the approaches used were survey and field research where both qualitative and quantitative data were used. The study emphasized on the use of both primary and secondary data. Questionnaires were used in collecting primary data while secondary data were collected from schemes’ reports. In fulfillment of research objectives, the findings reveal that factors affecting operational performance of social security schemes include poor means of providing feedback, delays in contributions remittance, inadequate public awareness, inadequate resources and bureaucracy. Fund size insignificantly found to affect operational performance and the mechanisms to boost performance were improvement in the funds systems, remittance of adequate and timely contributions and constant decrease in administration costs. For the better social security schemes’ performance resources should be adequately available, systems be improved and increased public awareness on pension matters. Laws made should consider members interests and schemes’ sustainability.