Legislators yesterday asked the National Social Security Fund (NSSF) to look on the ways that will help many people to secure loans.
They also suggested that the government to amend the Act that established the Social Security Regulatory Authority (SSRA) in order to harmonise contributions remitted by members in the social funds.
Mr Murtaza Mangungu (Kilwa-CCM) asked Labour and Employment ministry to ensure that employees were given an option to shift from one pension fund to another if they were not satisfied with services in their respective pension funds.
He also suggested that employers remitting contributions to NSSF contribute 15 per cent of the basic salaries of their employees so as the latter can only contribute five percent just like in other pension funds.
Currently, an employee subscribing to NSSF contributes 10 per cent of his/her basic salary and an employer contributes a similar amount. According to Mr Mangungu, an employee should be contributing less so as to give a breather to workers.
But the deputy minister for Labour and Employment, Dr Makongoro Mahanga, said the government would work on the MPs’ suggestion to ensure that employees were happy with pension funds.
He was responding to a question by Ms Maida Abdallah who wanted to know the number of people who have so far benefited from NSSF loans. Ms Abdallah further wanted to know if the government put measures in place that would help NSSF members who did not belong to Saccos to acquire loans.
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