Tanga — TANGA Regional Commissioner, Ms Chiku Galawa has challenged Social Security Funds to diversify investment priorities and look into the possibility to expand Tanga Port and the railway line.
Addressing participants to a workshop organized by the PPF Pension Fund in Tanga yesterday, the RC said it would be meaningless to improve the port without doing the same for the railway line."Once the railway line is connected to the hinterland, operations at the port will be vibrant and varieties of services will increase day-by-day," RC Galawa said.
She urged the administration of PPF to think critically on the proposed investment, adding that railway transportation was safe, unfailing and cost effective, compared to freight of lorries to ferry a few containers. Cargo could easily be shifted to distant destinations at a shortest possible time.On the other hand, the RC was adamant on the obligation by employers to submit monthly remissions of the workers, insisting that those not complying were going against the labour laws and therefore liable for disciplinary measures.
"There are reports that some of the employers make monthly deductions of workers' salaries but were not remitting to social security funds accordingly. This is not proper, the bad practice must stop for the convenience of workers, especially at the retirement stage," she said.Addressing the participants, the Director of PPF for Kinondoni Zone, Ms Zahara Kayugwa, encouraged Tanzanians to join the funds, saying they are rewarding investments, pushing for economic growth of the nation.
She said through massive investment in various economic aspects, improvement of the infrastructure and health services has been possible.She was responding to a question raised by one of the participants who wanted to know how the members would benefit, through massive investment in the infrastructure like construction of roads and railway lines.
Ms Kayugwa said money channelled for investment in agriculture were borrowed by the government to fund such development projects."The government is an excellent client as it has been repaying the money at the right time with good profit which in turn sustains operations of social security funds and for the members to realize benefits.
She said the system of the government borrowing money from social funds for development projects was common in many countries and in the developed countries for example, the system has benefited many members through job creation and other remunerations.The workshop brought together employers from various parastatal institutions to create awareness on the present engagements of PPF.