21st September 2012
The
Local Authorities Pensions Fund (LAPF) has expressed dissatisfaction
over the behaviour of some employers who choose social security funds
for their employees instead of giving them the freedom of doing so for
themselves.
The statement was issued yesterday in Dar
es Salaam by LAPF Compliance Manager, Victor Kikoti when talking to
journalists concerning the fifth LAPF stakeholder’s general meeting
expected to begin early next week in Arusha to be opened by President
Jakaya Kikwete.
"… we call on all employers to give their
employees the opportunity so that they can learn and understand these
pension funds and then give them the freedom to choose what they
want…'', he asserted.
The fifth LAPF stakeholder’s general
meeting will be attended by Chief Executives and Representatives from
LAPF, contributing employers, representatives from other pension funds
in all, some 400 participants are expected to attend.
“The two days conference is set to begin
on September 24th this year and its slogan is ‘Social Security for
Economic Growth’ and will involve presentations on Social Security for
Economic Growth and how to prepare members for retirement…'' explained
the Compliance Manager.
The Social Security Regulatory Authority
(SSRA) is expected to discuss policy surrounding social security funds
investment in the country while LAPF will talk about the establishment
of a new window of voluntary contributions and its operating statements.
SOURCE:
THE GUARDIAN
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