The Parastatal Pensions Fund (PPF) was established by the Parastatal Pensions Act No. 14 of 1978, as amended from time to time, with the objective of providing pensions and other related benefits to all employees in the Parastatal and private sectors of the economy.
The Fund is the first contributory pension fund in the country operating under defined benefit system. PPF provides social security coverage to all employees in private companies, Parastatal organizations and public institutions. Its coverage has been extended to self employed as well as labour force in the informal sector.
PPF?s Vision Statement
The Fund is desirous of freeing members from hardships arising out of loss of income due to old age, disability, death and the related risks.
PPF?s Mission Statement
The Fund is committed at providing quality pensions and allied benefits to members from both formal and informal sectors through utiliz