1.2.
Background of the case study
The SSFR «Social Security Fund of RWANDA» was
established and maintained under the Decree law of August 22, 1974 concerning
organization of social security and Law no 06/2003 of 22/03/2003 modifying and
completing the Decree law of August 22, 1974 concerning organization of social
security. The purpose of the Fund is to provide occupational hazards and
disease benefit, old age pensions and death pensions, retirement benefits and
other social security benefits to employees of the public and private sector.
Benefits are based on the above mentioned laws; the Board is the trustee of the
Fund. The Board authorizes all the major investments of the fund. Member
contributions are paid into the Fund and increase annually with the return on
investment; Fund benefits and administration costs are paid out of the Fund
1.2. Statement of the problem
The problem focused on the issue of retirement benefits of
Social Security fund toward the social economic Development of Rwanda. The
Researcher wants to investigate the Social Security Program and its impact on
contributors towards their retirement.
1.3. Purpose of the study
This study will present the
analysis of the impact of the social security fund of RWANDA towards the social
economic development of the country, through benefits received by old age.
1.4. Objectives of the study
The objectives are the following:
i. To investigate the benefits paid to the retirees at the
time of retirement or death;
ii. To find out how the contributor's funds are invested
towards socio-economic development of the country;
iii. Investigate the impact the SSFR has on individuals.
1.5. Research questions
The research questions are the following:
How are the SSFR's benefits of the retirees handled at time of
retired or death which come early?
What are some of the methods of investing the contributions to
boast socio-economic development?
What impact does the SSFR in economic status has on individual
members?
I.6.
Scope of the study
This study will be conducted in SSFR Headquarter Kigali and
the analysis will be done only to the benefits which paid to old age and
survivors eligible. This study covers only issue relating to the role of SSF
scheme in enhancing socio-economic development in Rwanda.
1.7. Significance of the study
This study is significant in the following ways:
1. Workers or Employee will know the role of SSF in enhancing
the socio-economic development in RWANDA
2. Pensioners will gain more information about how SSFR works
and operate;
3. Stakeholders will get interpretation on how SSFR invest
contributions of the ensured
This Research will be the tool of Government to measure the
saving rate.
Besides this, the research is a requirement for the award of
a Masters of Business Administration .The research is also an addition to
other studies carried out in the field of socio-economic development.
1.8.
Theoretical Framework
The following terms are going to be defined, explained and
discussed in order to get information on their meaning and contribute to the
well understanding of the topic.
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