PSSSF out to heighten members’ education

ARUSHA: THE Public Service Social Security Fund (PSSSF), Director General, CPA Hosea Kashimba has said that the fund will effectively capitalise the Third Finance Service Week to reach out and educate as many members as possible.

The 3rd Finance Service Week was officially opened on Wednesday by Prime Minister, Kassim Majaliwa, at Sheikh Amri Abeid Stadium in Arusha.

PSSSF, which is under the Office of the Prime Minister, is among the government institutions participating in the event themed “Financial Education, the Foundation of Economic Development.”

The week aims to provide education to the public and thus promote awareness about the importance of using official financial services to improve the lining standard of the people.

Before giving a speech at the official opening of the celebration, the Prime Minister had the opportunity to visit various booths to get information about the services provided.

Among the booths the PM visited included that of PSSSF, where he was received by the Minister of State in the Prime Minister’s Office, (Labour, Youth, Employment and People with Disability), Professor Joyce Ndalichako, Permanent Secretary in the Prime Minister’s Office, (Labour, Youth, Employment and People with Disability), Engineer Cyprian Luhemeja and Mr Kashimba.

Mr Kashimba told the Premier that despite providing social security education to members and citizens who visit the pavilion, they also provide financial education.

“PSSSF injects into the country’s economy about 150bn/- each month as pension and lump sum benefits. This amount is huge; therefore, education is a must for the beneficiaries for them to transform their living standard,” he said.

Mr Kashimba further said that at present, the Fund pays within 14 days after a person retires.

Earlier on, minister Ndalichako encouraged people to visit the pavilions under the Prime Minister’s Office, including those of PSSSF, National Social Security Funds (NSSF), Workers Compensation Fund (WCF) and National Health Insurance Fund (NHIF), to get social security education and financial education.

“Our funds have invested in financial education for the public, so that the benefits they receive become sustainable for them throughout retirement life,” she said.

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