Second Actuarial Valuation of the Workers Compensation Fund of Tanzania
Project properties
TZA/22/01/TZA Africa United Republic of Tanzania In progress This project is part of the Global Flagship Programme on Building Social Protection Floors for All
Description
The project aims at providing the second actuarial valuation of the Workers Compensation Fund of Tanzania. (WCF), namely the assessment of the current WCF contribution rate of 0.6% for private-sector workers and 0.5% for civil servants. This project delivers several outputs, the key one being the actuarial valuation report outlining the financial projections and the assets and liabilities under the current benefit, contributions, and eligibility conditions. The project formulates recommendations to ensure long-term financial sustainability, extend coverage and strengthen benefit adequacy by considering the financial impact of policy changes. The project contributes to building actuarial capacity of the WCF staff through provisions of the actuarial model calibrated by considering policy changes already made and trainings on data formats and analysis, setting assumptions and the structure of the model.SDG
Goals
- End poverty in all its forms everywhere
Time
24.06.2022 - 31.07.2024
Budget
127,627 / 142,785
Development Cooperation