HakiPensheni

PPF awards firms for timely submission of workers` pension contributions

By Correspondent

17th September 2010

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Tanganyika Planting Company Limited and Moshi University College of Cooperatives and Business Studies (Muccobs), all of Kilimanjaro were on Wednesday picked best performers among firms that timely remit workers’ monthly contributions to the Parastatal Pension Fund (PPF).

In the competition, Tanzania Breweries Limited (TBL) and Tanzania Tobacco Processors Limited, a leading tobacco processing company in the country based in Morogoro Region were also picked the first and second winning firms for Industry and Trade category respectively.

The winning firms were awarded certificates of participation and trophies at the 20th PPF members conference held in Arusha and flagged-off by the Permanent Secretary in the Ministry of Finance and Economic Affairs, Ramadhani Khijjah.

Speaking shortly after receiving the awards, TTPL Group Human Resources Manager Dorica Wanzagi, commended the PPF management for the award, disclosing that teamwork spirit among the firm’s staff and recognition of workers value were the reasons for the timely submission of workers contributions.

“We remit workers’ contributions on time because we believe that their welfare is the secret behind the company’s success,” she noted.

She noted that for a company to be acknowledged by a national big pension firm like PPF among other employers in the country, it calls for “self-commitment and discipline among the workers, a spirit which in turn leads to more production.

In his opening speech, Khijjah called on both government and private employers to inculcate the culture of submiting employees’ pension contributions on time to avoid unnecessary disturbance to retired persons.

While employees dedicate most of their time and energy to build firms and employers, Kijjah said some employers are still reluctant to submit their contributions to pension funds on time.

He said under normal circumstances the failures have lead to inability by pension funds to pay the retirees their dues in time.

“For quite a long time, we have registered endless complaints from retired persons over delays caused by their employers in the payment of their pensions, and I think this is not fair,” said Khijja.

Welcoming the PPF management team, workers and clients for the joint efforts they made last year, the Deputy PPF Board Chairman, Dr Kassim Kapalata, insisted on the need to be prompt in submitting workers’ contribution for the Pension Fund to accomplish the set targets.

A total of 22 winners received their awards in ten different categories including Agriculture, Mining, Transport and Communication, Finance, Health, Construction, Media, Education and Training.

SOURCE: THE GUARDIAN