Table of Contents
About Public Service Pensions Fund – PSPF
The Public Service Pensions Fund (PSPF) of Tanzania is a social security scheme established in 1999 to provide for collection of contributions and payment of terminal benefits to members. Membership to the Fund is open to any person who has been employed in the formal and informal sector. PSPF Schemes The Fund is operating two schemes: the PSPF Main Scheme, which is mandatory and the PSPF Supplementary Scheme of which membership is voluntary. PSPF Main Scheme The PSPF Main Scheme is a defined benefit social security scheme operating on social insurance principles, which includes the following benefits: – Old Age benefits – Death benefits – Invalidity benefits – Funeral Grants – Withdrawal in respect of marriage, maternity, emigration PSPF Supplementary Scheme The PSPF Supplementary Scheme is a defined contribution scheme, which includes the following benefits: – Education benefits – Entrepreneurial Support Benefits – Retirement Benefits – Death Benefits – Invalidity Benefit and – Withdrawal Benefits Other PSPF Services – Housing loan facility to members who have at most 5 years before statutory retirement in which the Fund advances up to 50% of the member’s gratuity calculated at the time of application. – Mortgage facility to members who have contributed to the Fund for not less than 5 years equivalent to 60 months may benefit as they are guaranteed by the Fund to secure a housing loan at a rate of 12% from Azania Bank, Exim Bank and CRDB. The loan is repaid on monthly basis for a period up to 25 years. – Houses owned by PSPF which are open for sale to the public. At the moment, the available houses are located in Morogoro, Tabora, Mtwara, Shinyanga and Dar es Salaam. The Fund is aiming to build low cost houses in all regions in Tanzania. PSPF Investment Portfolio One of the core functions of PSPF is to invest the money available in the Fund in different investment opportunities. The investment guidelines are provided by the Bank of Tanzania (BoT) to ensure that the Fund doesn’t take too much risk in a single investment. Accordingly, PSPF can only invest in the following investment categories with the following maximum % limits: – Government securities (20–70%) – Direct loans to the government (10%) – Commercial paper, promissory notes and corporate bonds (20%) – Real estate (30%) – Ordinary and preference shares (20%) – Infrastructure investments (25%) – Deposits with banks and financial institutions (35%) – Collective schemes (30%) – Loans to corporate and cooperative societies (10%)
Public Service Pensions Fund – PSPF Location and Contact Information
Phone:+255222120912/52, +255222127375, +255222127376
Email: pspf@pspf-tz.org
Website: www.pspf-tz.org
Vacancies and Internships at Public Service Pensions Fund – PSPF – Nafasi za Kazi Public Service Pensions Fund – PSPF
Government institution job vacancies are normally advertised through the government Official jobs portal (Public Service Recruitment Secretariat-PSRS) which can be accessed through this link- https://ajira.go.tz/.
Find and apply for jobs advertised by Public Service Pensions Fund – PSPF by browsing the links listed below:
Have you found the job you are looking for? Try checking other Jobs in the list below
[jnews_block_28 number_post=”20″ include_category=”20357″ pagination_mode=”loadmore” pagination_number_post=”5″]
Public Service Pensions Fund – PSPF useful links
- Public Service Pensions Fund – PSPF website: www.pspf-tz.org
- Public Service Pensions Fund – PSPF job vacancies – careers page: www.pspf-tz.org
- Public Service Recruitment Secretariat (PSRS): https://ajira.go.tz/
