How does the Fund involve members in investment decisions?
All investment decisions are made by the Board of Trustees which comprises representatives of employees (members), employers and government. Members and the Board of Trustees meet every year in which among others investments are discussed. • What benefits are offered to members? PPF PPF operates two types of schemes, i.e., parastatal pensions scheme (Traditional scheme) and Deposit Administration scheme. Each scheme has different types of benefits to its members. Under the Traditional scheme PPF offers the following: – Old age benefit – Disability benefit – Death benefit – Survivors’ benefit – Education benefit – Gratuity benefit, and – Withdrawal benefit On the other hand, lump sum or lump sum with annuities is offered under Deposit Administration Scheme. • How do PPF benefits align with ILO Minimum Benefits Standards? ILO Convention No. 102 of 1952 which is yet to be ratified in Tanzania prescribes 9 benefits which are old age, sickness, disability (invalidity), survivors, maternity,
