UNITED REPUBLIC OF TANZANIA

_______

STATEMENT BY H.E. AMBASSADOR

MODEST J. MERO ON THE OCCASSION OF
PRESENTATION OF THE GOLDEN AWARD FOR
QUALITY AND BUSINESS PRESTIGE

HOTEL INTERCONTINENTAL, GENEVA,

23 NOVEMBER 2015

Check against
Delivery

Mr. Charbel S. Tabet, President and CEO,

Distinguished guests,
Ladies and Gentlemen,
Let me on behalf of the Public Service Pension Fund in
Tanzania express our earnest gratitude to the Association
Otherways Management and Consulting for awarding a Fund
the Golden Award for Quality and Business Prestige in
recognition of her achievement in areas of Innovation,
Quality Committment and Excellence. My delegation is
pleased to be involved in this summit, which provides
opportunity for participants to share ideas and expertise as
well as develop synergies among institutions.
President,
The Public Service Pension Fund was established under the
Public Service Retirement Act Benefit Act. No. 2 of 1999 to
provide for collection of contributions and payment of
terminal benefits to members as well as investment of
collected funds and keeping members records. Currently the
fund has incereased capitalization from Tsh. 30.6 billion in
2002 to Tsh. 1.25 trillion in 2013.
Since its establishment, over the period of past ten year, the
Fund has achieved to register 362,325 members comparing
to 197,541 in 2005, representing an increase of 83.42 per
cent during the period.
I am delighted to report that the Fund has managed to open
offices in every region of Tanzania mailand and one office in
Zanzibar. The opening of offices countrywide has enabled
the Fund to meet the urgent demand from members all over
Tanzania and bringing it more closely to everyone, while

providing services in the most efficient and effective

approach.
Cognizant of the records as an important tool for delivery of
service in operations, the Fund has established state of art
record management system to facilitate storage and
retrieval of members information on demand and eventually
speed up benefit payment process.
We applaud the PSPFs Board for setting and implementing
its vision and mission together with dedication and
committment demostrated by the entire PSPF staff under his
able leadership of Mr. Adam Hassan Mayingu, the CEO.
Mr. President,
I would like to close my brief intervention, by commending
all partners involved in these selection process for their
participation and for attending this important occassion. I
hope that these collaborations will be further enhanced.
I thank you.