The Public Service Social Security Fund is a social security scheme established by Public Service Social Security Act of 2018. The main purpose is to collect contributions and payment of terminal benefits to employees of public service. The act shall apply in mainland Tanzania.
Under this scheme, contributions are collected from both the employees and the government. These contributions are pooled together to form a fund that is used to provide various social security benefits to the participating public service employees. The fund is managed by the PSSSF, which oversees the collection of contributions, administration of the program, and disbursement of benefits.
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The PSSSF offers a crucial advantage through the provision of terminal benefits, which are financial payments given to employees when their employment comes to an end. These benefits encompass gratuity, severance pay, and other relevant end-of-service allowances. The PSSSF ensures that eligible employees in mainland Tanzania's public service sector receive their calculated terminal benefits in compliance with the regulations outlined in the Public Service Social Security Act.
It's important to highlight that the PSSSF is exclusively operational in mainland Tanzania and specifically caters to employees within the public service sector. The act establishes a legal framework and guidelines for the PSSSF's functioning, guaranteeing that employees in the public service domain have access to social security benefits and financial security upon retirement or the conclusion of their employment.
For more information visit www.psssf.go.tz/
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