Potential Impacts of Merging Social Security Funds: A case of National Social Security Fund (NSSF) in Dar es Salaam Region, Tanzania

Almas, Almas A. (2019) Potential Impacts of Merging Social Security Funds: A case of National Social Security Fund (NSSF) in Dar es Salaam Region, Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

This study was on the impacts of merging Social Security Fund (SSF) on socio-economic growth of Tanzania taking Dar es Salaam Regions as a case study. Social security development is one of the measures that have been adopted by developing countries including Tanzania to overcome poverty related challenges. The aim of merging social security funds is to ensure that, the recipients have a reasonable level of income during their old age as noted in the report by the World Bank. The general objective of this study was to determine the impact of merging Social Security Fund to economic growth in Tanzania, while specifically it dealt with contribution of merging SSF on employment sector, the impact of merging SSF on country GDP growth, the level of improved peoples’ standard of living resulting from merged SSF and the role of merged SSF on improving credit facilities. For the purpose of this study both qualitative and qualitative research design were used. This study involved the 110 respondents from the study area as per information from reconnaissance survey. The conclusions made pertaining to this study was that, the contribution of merging SSF on employment sector was of great importance, while the impact of merging SSF on country GDP growth was also significant. The level of improved peoples’ standard of living resulting from merged SSF was perceived to be high with consideration that the role of merged SSF on improving credit facilities was noticed to high. It was recommended that the government should strive on improving the merged funds for the betterment of the communities’ livelihoods.

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