| dc.creator |
Kimario, Severine C. |
|
| dc.date |
2019-07-23T13:20:52Z |
|
| dc.date |
2019-07-23T13:20:52Z |
|
| dc.date |
2014 |
|
| dc.date.accessioned |
2021-05-05T08:08:18Z |
|
| dc.date.available |
2021-05-05T08:08:18Z |
|
| dc.identifier |
APA |
|
| dc.identifier |
http://hdl.handle.net/11192.1/2670 |
|
| dc.identifier.uri |
http://hdl.handle.net/11192.1/2670 |
|
| dc.description |
A Dissertation Submitted to Mzumbe University Dar-Es-Salaam Campus School in Partial Fulfillment of the Requirements for the Award of Master of Business Administration (MBA) of Mzumbe University |
|
| dc.description |
The general objective of this study was to analyze the impact of withdrawal payment on performance of social security schemes: case study NSSF. In order to attain the research objectives, this study adopted a quantitative explorative study design. It involved a survey where 83 respondents filled usable questionnaires containing both closed and open ended questions. The responses were summarized in tables and the resulting statistics were reviewed and analyzed accordingly.
Findings on the above research questions are somehow mixed. This research established out of the members who had previously changed jobs 7(18.4%), 4(57.1%) admitted that they had accessed their benefits before attaining retirement age. The reasons they gave for accessing their benefits were reinvestments, statutory requirement and other reasons like retrenchment, personal reasons; government rules of locking in were not in place, to settle loans, available cash, amount of income, number of years to retirement, size of pension benefit among others. However, results indicate that most of the respondents don’t agree with the policy of allowing members to withdraw their benefits.
The Government of Tanzania needs to reverse recent change of allowing members to unlock their benefits before retirement age. This research has established that majority of members who had accessed their benefits on changing jobs regretted the decision they made. Most of them admitted that they had misused their money and prefer to have left it. The research also revealed that retirement benefits schemes should have at least one member education program annually to train members on implications of early withdrawal of pension benefits. |
|
| dc.language |
en |
|
| dc.publisher |
Mzumbe University |
|
| dc.subject |
Payment Withdrawal, Social Security Schemes |
|
| dc.title |
Assessment of the Impact of Withdrawal Payment on Performance of Social Security Schemes: A case study of NSSF |
|
| dc.type |
Thesis |
|