Africa Legislation
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Tanzania’s Pension Bill signed into law

Posted by on Jun 1, 2018 in Africa Legislation, Blog | 0 comments

In as much as we are cognisant of the changes in South African labour law and feel passionate about the impact regulation has on business, we are just as acutely aware of changes to HR and labour law practices beyond South Africa’s borders… so, we want employers to be aware that Tanzania’s government had signed into law the Public Service Social Security Act, 2018, hereinafter referred to as the PSSS Act, which joins all pension funds into two major entities. The immediate implication is that the entire labour force in both the public and private sectors will be served by the Public Service Social Security Fund (PSSSF) and the National Social Security Fund (NSSF). What does this mean to business owners in Tanzania? Currently there are five social security funds in the country: the National Social Security Fund (NSSF), PPF Pension Fund, Public Service Pension Fund (PSPF), Local Authorities Pension Fund (LAPF) and Government Employees Provident Fund (GEPF). Because of the new PSSS Act, the Public Service Retirement Benefit Act Cap 371, the LAPF Pensions Fund Act Cap 407, the GEPF Retirement Benefits Fund Act Cap 51 and the PPF Pensions Fund Act Cap 372 will be repealed. It is important for employers to know that a member who changes employment from the public sector to employment in the private sector’s membership will be transferred to the National Social Security Fund, and all employees in the public sector who are members of the National Social Security Fund will be transferred to the PSSS Fund. The new Act has also introduced two new benefits which were not granted earlier by the Pension Funds. These are Survivor Benefits and Unemployment benefits. Survivors benefits would be paid to the Dependents of the deceased (widow, children or parents of the deceased). The Act also specified retirement age as 60 years for compulsory retirement and 55 years for voluntary retirement. Tanzania is gaining impetus as a progressive market that is slowly but surely working towards becoming a knowledge-based economy. Skills and labour are at the heart of this growth trajectory. We will continue to keep a close eye on developments in this exciting...

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Introduction of the Africa Employment Legislation Library

Posted by on Aug 20, 2015 in Africa Legislation, Blog, Human Resources | 0 comments

Some would argue that South Africa is one of the most regulated markets in Africa – and there is some truth to this, certainly from an HR and labour relations point of view. Companies have to take cognisance of a range of legislation that has been introduced to govern everything from tax to internal human resource management/ processes and procedures as well as payroll administration. So, there is a very good reason for the introduction of the Africa Employment Legislation Library, an international initiative focused on information share. This is a true value add to the market because it is set up to help users with challenges pertaining to the legal, practical and other payroll considerations. CRS Technologies has been established to add value to the HCM and HR markets, and it is for this reason that we hope key industry bodies, like the South African Payroll Association (SAPA) and Payroll Authors Group (PAG), will come on board and share this valuable resource. This is a first for South Africa and an exciting development in the growth of this industry – one that could have far-reaching implications locally and for the rest of the continent. Africa Legislation pools together data that is often hard to come by. HR and HCM legislation differs from region to region and it is difficult for companies to know precisely what works, when and where. This is the beauty of the Library portal – a direct effective channel to extract relevant information whenever it is required. This reputable source of valuable information is what helps to differentiate CRS Technologies within the Africa market. We are very excited to support and endorse this initiative and we know that it is a...

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