DAR ES SALAAM: Violations of the procedures and regulations for the registration of members and the submission of their contributions from employers and the submission of contributions below the actual salary of the employee, have been one of the biggest challenges for the National Social Security Fund (NSSF) in achieving its goal of providing quality services to the community.
This was stated on September 25, 2023 by NSSF Director General Masha Mshomba at the Editors and Journalists Conference held in Dar es Salaam.
He said there are employers who do not offer employment contracts to their employees, so they are recruiting fewer members than they are in employment.
From March 1, 2023 to June 30, total fund assets have increased from Sh. 2 billion to Sh. 8 billion, a 55% increase driven by increased income from contributions and investments.
As for the implementation of the projects that were standing, NSSF has solved the challenge and the implementation of projects is ongoing, including the construction of the Mkulazi sugar factory which by June 30, 2023 has reached 93% and will be completed and will begin sugar production by the end of October.
Commenting on behalf of the editorial forum TEF Chairman of the forum, Deodatus Balile suggested that education be provided to employers on the importance of sending their employees' contributions on time to NSSF.