Dar es Salaam. February 12, 2016…..National Microfinance Bank has scooped three awards at the Parastatal Pensions Fund (PPF) timely remittance of member’s contribution award for 2015. The prestigious award was presented to NMB at the PPF 25th Annual PPF Members Conference.

NMB emerged first winner for the Employer with early remittance of member’s contribution category and also winning the first runners up in the Employer with Largest number of Active Contributing Members category before sealing its win in the PPF 25th annual PPF member’s conference as the Overall winners.

Speaking after receiving the awards, the NMB Chief of Human Resources Officer – Charles Kazuka said that winning as the overall winner is a testimony that NMB is the employer of choice in Tanzania not only among financial institutions but across the country.

“It is the hope of every employer to win such an award because it serves as a great reminder for us to create an environment where staff can find the work place somewhere they want to be in the long term with their social security contributions after retirement secured,” said Mr Kazuka.

Charles added that “beyond the awards, we’ve been running programs and training sessions that are aimed towards preparing staff with their life after retirement- including inviting pension’s schemes to speak to our staff and prepare them for their life after retirement.At a later stage we follow up on their pension’s benefits and make sure they are settled.”

NMB has over 3000 employees of which more than 2,400 use PPF to channel their pensions; this has earned NMB the overall winner with the largest number of employees using PPF and also with early remittance of their member’s contribution.

Speaking at the opening of the PPF 25th Annual PPF Members Conference, The Deputy Minister of Finance and Planning – Dr ASHATU KIJAJI warned employers who do not submit member’s contributions and those who do not submit on time terming it as illegal and creates disturbances by the time an employee retires.

“The government has already issued directives to employers to make sure that they submit their employee’s contributions to pension’s funds on time, failure to do that, serious legal action should be taken against them.” Said Dr Kijaju