This is a mandatory and basic scheme which operates under clearly defined criteria for the guaranteeing and awarding of benefits to members as stipulated in the Act. It covers by law all workers employed in the following sectors: All parastatal organizations and public institutions. All private companies in which the government own shares Registered private companies that are not covered by any other social security fund. All parastatal organizations which have been restructured through privatization, sale, lease or liquidation.

PPF Contribution rates Any of the following two rates can be applied: 10% for employee and 10% for employer, or 5% for employee and 15% for employer Employee's contributions are deducted from worker's salary at an agreed rate. Employer is also required by law to contribute in respect of each worker at the corresponding rate. Contributions are required to be remitted to PPF by the employer within 30 days from the end of each month. Late or non-remission 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. There are also legal measures against any employer who delays members' contributions.