Social security
sector in Tanzania has a long history even before the coming of
colonialists. Traditionally most of the Tanzanians practice an informal
and traditional social security systems built on family and/or community
support. In times of contingencies such as famine, diseases and old
age, individuals have depended on family, clan members or members of the
community for assistance in the form of cash or kind. Formal social
security is a product of colonialism, where it was available for some
Europeans and few Tanzanians working for the colonial Government. The
independent Tanzania inherited the social security structure as it was
during the colonial times.
However the socio-economic and
political changes that occurred in Tanzania from mid 1980s to 1990s
necessitated the changes on the social security structure in Tanzania.
The National Social Security Policy of 2003 liberalized the social
security sector in Tanzania by re-organizing the activities of social
security providers to respond to the market demands as related to free
market economy.
Some of the social security funds available in Tanzania
include the National Social Security Fund, the Parastatal Pension Fund,
the Local Authorities Provident Fund and the Public Service Pensions
Fund. Some of the legislation worth to note here are the National Social
Security Fund Act, Cap. 50, the Parastatal Pensions Fund Act, Cap. 372,
the Public Service Retirement Benefit Act, Cap. 371 and the Local
Authorities Provident Fund Act.
In the year 2008, the
Government introduced a regulatory oversight in social security sector
by establishing the Social Security Regulatory Authority under the
provisions of the Social Security (Regulatory Authority) Act, No. 8 of
2008. The Social Security Regulatory Authority is due to start operation
in 2010.
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