Fund’s Coverage

The Fund is the first contributory pension fund in the country operating under defined benefit system. PPF provides social security coverage to all employees in private companies, Parastatal organizations and public institutions. Its coverage has been extended to self employed as well as labour force in the informal sector. Initially it covers employees of parastatal organizations and those in private companies were registered but with the consent of Minister of Finance. However the legal provision requiring the Minister’s consent was removed giving the Fund’s mandate to widen up coverage to all employees including those on contracts following amendment of its Act (Parastatal Pensions Amendment Act No.25 of 2001) passed by the National Assembly in 2001.


PPF’s Vision Statement

The Fund is desirous of freeing members from hardships arising out of loss of income due to old age, disability, death and the related risks
PPF’s Mission Statement
The Fund is committed at providing quality pensions and allied benefits to members from both formal and informal sectors through utilization of dedicated human resources and modern technology with high degree of accuracy and promptness.
Major functions of the Fund include registering members, collecting contributions, investing and paying pensions and other allied benefits to its members.

Funds Operations

The Fund operates two Schemes (Traditional and Deposit Administration) both designed specifically to suit the diverse Fund clientele as well as ensuring maximum customer care satisfaction.
Traditional Pension Scheme
This is a mandatory and basic scheme which operates under clearly defined criteria (terms, conditions and procedures) for the guaranteeing and awarding of benefits to members as stipulated in the Act

Contribution Rates

Contributions of 20% of each employee’s salary is required which may comprise of 10% for employee and 10% for employer; or 5% for employee and 15% for employer. Contributions are remitted to PPF by the employer within 30 days from the end of each month to which they relate. Late or non remittance of members’ contributions is an offence. A penalty of 5% on any delayed or non remitted contributions is charged by law for each month of delayed contributions.
PPF takes legal measures against any employer who delays members’ contributions or makes false statement/misrepresentation.


The Deposit Administration Scheme

This Scheme is suitable for employees and anybody else who do not qualify for membership of schemes under pension or any other pension scheme under the current social security / pension Funds. It is a defined contribution scheme (i.e. money purchase scheme). Benefits are awarded as provided in the trust deed and rules/ management agreements of each member. This scheme has a dual purpose; it serves as a basic scheme for all employees who do not qualify for membership into the traditional pension scheme and as a supplementary scheme for all members who are covered under the traditional pension scheme, or any other mandatory scheme in any other social security Fund.


Contribution Rates

Similar contribution rates and procedures to that of Traditional Pension Scheme do apply to a member under this scheme only if it is a mandatory and basic and such a member is in a formal sector. If it is a supplementary scheme, then contribution rates and remission are flexible in the following terms;
i. Contributions which are decided upon by a member can either be ;
ii. Percentage of earnings
iii. Fixed amount or
iv. Combination of percentage of earnings and fixed amount
v. Contributions can be made by both the employee and the employer or by either the employee or the employer.
vi. Contributions may be remitted on a monthly basis or it can be upon a period when a member is earning income;
vii. No penalty is charged on late or non remission of contributions.
Administrative regions grouped into zones

Zonal Manager
Coastal Zone
P.o.Box 522
DAR ES SALAAM
Tel: 022-2 122 505
Fax: 022-2 122 504

Zonal Manager
Northern Zone
P.o.Box 563
ARUSHA
Tel: 027-2 500 158
Fax: 027-2 500 159
Zonal Manager
Southern Highlands
P.o.Box 6109
MBEYA
Tel: 025-2 502 243
Fax: 025-2 500 929

Zonal Manager
Lake Zone
P.o.Box 150
MWANZA
Tel: 028-2 501 004
Fax: 028-2 501 005

Zonal Manager
Eastern & Central
P.o.Box 501
MOROGORO
Tel: 023-2 600 741
Fax: 023-2 600 740