The Effects of Unemployment on the Contributions Collection Performance of NSSF, Tanzania

Kiparamoto , Issa Ally (2016) The Effects of Unemployment on the Contributions Collection Performance of NSSF, Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

The purpose of this study was to assess the effects of unemployment on the contributions collection performance of NSSF, Tanzania. Specifically to determine the relationship between members loss of job and the contributions collection performance of NSSF, to analyze if members low wages affect the contributions collection performance of NSSF, to evaluate whether employers’ low compliance has effect on the contributions collection performance of NSSF, to identify the extent closure of businesses affects the contributions collection performance of NSSF. The study used both qualitative and quantitative approaches to a population of NSSF with sample size of 104 respondents. Questionnaires and Interviews, have been used as data collection tools, data analysis was done through a special programme known as SPSS. Findings revealed that the major aim of social security funds is to help members to live a better life while he/she is working and after retirement. Social Security Funds can be threatened by members’ loss of jobs as these social funds depend much on members’ contribution to fulfill their operations, when members lose their jobs automatically the contribution collection performance of NSSF must drop. Closure of businesses in the country leads NSSF members to lose jobs. It is recommended that the board and other stakeholders should ensure better management of the pension funds so that adequate returns are obtained on the monies received and invested by the fund. The company/firms must ensure that qualified professionals are recruited to manage the fund at all times. The authorities should be responsible to ensure that any internal changes required including administrative, staffing are carried out at the earliest.

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