DECLARATION
I, RUSIBANA CLAUDE, declare that this
dissertation has never been submitted for a degree award in this university or
any other institution of higher learning. All the information in this report is
based on my findings and observations and where I have used the work of other
persons due acknowledgement has been given.
Signature _________________________
Date: ....../......./2010
RUSIBANA CLAUDE
Researcher
APPROVAL
This work has been done under my supervision as a University
supervisor, and submitted with my approval.
Signed ...................................................
MUSA NYAKORA (PhD)
Date ......................................................
DEDICATION
I dedicate this work and the effort that went into it to the
most understanding and caring people I know: My Parents, UMUHOZA Antoinette my
beloved wife, MUTSINZI William, NTIHEMUKA Enos and IBAMBASI Eugene, when times
are good, they make me laugh uncontrollably. When times are tough, the smile
doesn't leave my face because of the unconditional love and joy they bring to
my heart
ACKNOWLEDGEMENTS
I take this opportunity to acknowledge the great support and
help I received from the following people who are involved to successfully
complete this work.
Particularly thanks go to William MUTSINZI, IBAMBASI Eugene
for moral support and encouragements. Great thanks are also extended to my
parents, sisters, brothers, uncles and aunties who have always been there to
pray for me.
I am grateful to the management and staff of Kampala
International University, and I am very grateful to my colleagues (Omar
Habimana, Benjamin Nsengiyumva, Celestin Mutumayi, and John Mugabo) who
manifested great teamwork during our students' life
Thanks to MUSA NYAKORA (PhD) for the valuable
advice, guidance and more important for the encouraging comments you always
suggested to me.
Great thanks are extended to the family of Mr. NTIHEMUKA Enos,
for their encouragement, help and support.
Finally, many other people helped in the production of this
work. While they remain anonymous, I will never forget their invaluable
assistance
Abstract
Social security development is one of the measures that have
been adopted by developing countries to overcome poverty related challenges.
The relevancy of social security in promoting economic growth and poverty
reduction stems from its roles in saving mobilization, capital market
development and income redistribution. The experience of European countries
reveals that if social security is considered in socio-economic and poverty
reduction programs, significant progress can be made in improving standards of
living in the developing world.
Owing to this noble role in poverty reduction and economic
development, social security reforms are being undertaken in different parts of
the world to align social security systems and programs to economic growth and
development. The ultimate objective is to develop a social security system that
responds to country needs and priorities.
For the last 15 years, Rwanda's economic development has been
a success story to many in the region with tremendous developments in all
sectors of the economy. Though this rapid economic transformation can be
attributed to many factors, the Social Security Fund of Rwanda (SSFR) played a
significant role. It is this central place of social security in the country's
socio-economic progress that has prompted the government to improve social
security administration and systems by conducting reforms. The administrative
reform introduced the merging of existing social security institutions into one
national body while social security system reform introduced the provident
fund.
While there is a general appreciation of the role of Rwanda's
social security scheme in the country's on-going economic transformation, no
study has been conducted to quantitatively illustrate the contributions of the
scheme to Rwandan economy.
This research analyses the role of SSFR toward the
socio-economic development. 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. The objectives of the research
are To investigate the benefits paid to the retirees at the time of retirement
or death;
1. To find out how the contributor's funds are invested
towards socio-economic development of the country;
2. To find out how the contributor's funds are invested
towards socio-economic development of the country;
3. Investigate the impact the SSFR has on individuals.
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