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There are one other pension fund organizations in the country; the Public Services Social Security(PSSSF). Fund for all employees working directly under the government and for all employees working under governmental Parastatal organization [3] [4] The NSSF was founded in 1997 as the successor to the defunct National Provident Fund (NPF).
TZS 13 trillion (approx. US$:5.055 billion) (2024) [1] Number of employees. 3,729 (2022) Website. Bank website. CRDB Bank Plc is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator. [2] As of September 2022, CRDB Bank was the largest commercial bank in Tanzania.
Today, the main shareholders are Tanzanian pension funds and Tanzanian nationals. [4] In January 2019, Azania Bank acquired the assets and liabilities of Bank M, a retail commercial bank, which had been under management by Bank of Tanzania since August 2018, on account of "critical liquidity problems" and inability "to meet its obligations". [3]
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors ...
Tanzania Mercantile Exchange is a commodity exchange in Tanzania. The commodities exchange is put in place to help various farmers access the domestic and global market better and obtain a fair price in selling of their produce. The exchange is currently undergoing training of their staff and is and has begun pilot trading in Sesame Seeds and ...
India: Pensions in India. National Pension System. Employees' Provident Fund Organisation of India. Iranian Social Security Civil Servants Pension Fund. Japan – National Pension. Malaysia: Employees Provident Fund – Private voluntary retirement contribution system. Retirement Fund – Public pensions.
Government Pension Fund of Norway. 1,555. Oil & Gas. Saudi Arabia [25][26] Public Investment Fund / National Development Fund. 1,345. Oil & Gas. Kuwait [27] Kuwait Investment Authority / Gulf Investment Corporation / Wafra International Investment Company.
Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments. As far as differences between gratuity and provident funds are concerned ...