Graph 4.1. Trends on how benefits
are allocated
Source: Primary Data
The above analysis aimed to find an answer to the first
research question as stated «Are the Benefits paid to old age and
survivors in the period of retirement contributed to the well being of the
ensured» Therefore, after, a thorough analysis as presented in the tables
above, it was found out that, those affiliated do get their benefits at a
stated date of retirement. However, these benefits are very little and can only
sustain psychological needs such as food, shelter etc. Apart from being little;
they are also given at a later date on a quarterly basis. Thus, the SSFR policy
does not comply with their client's whims and today's economic trends.
4.6
Investigation of the benefits paid to the retirees at the time of
retirement
Due to the information provided by the respondent, it is seen
that the benefits received by the pensioners and survivors, has the role on
their well being and to their welfare in particular and therefore, role on the
social Development of RWANDA.
The response on this question was Yes and represent 100% of
the respondents as indicated in the table below:
Table No.4.8. Analysis of the role
of SSF toward the social development of RWANDA
|
Responses
|
Number
|
%
|
|
Yes
|
35
|
100%
|
|
No
|
0
|
0%
|
|
Total
|
35
|
100%
|
Source: Primary Data
Table No.4.9: Benefits payment trend
|
Year
|
Pension
|
Occupational risks
|
Total
|
Growth rate
|
|
2003
|
2, 595, 107,863
|
170, 574,443
|
2, 765, 682,306
|
-
|
|
2004
|
2, 786, 263,481
|
179, 958,252
|
2, 966, 221,733
|
7.3%
|
|
2005
|
3, 199, 802,990
|
194, 075,862
|
3, 393, 878,852
|
14.4%
|
|
2006
|
3, 068, 606,003
|
190, 728,520
|
3, 259, 334,523
|
-4.0%
|
|
2007
|
3, 525, 524,113
|
215, 999,138
|
3, 741, 523,251
|
14.8%
|
|
2008
|
4, 078, 071,636
|
232, 863,081
|
4, 310, 934,717
|
15.2%
|
Source: SSFR, Annual report, 2003-2008
According to the existing social security law, the Fund offers
two types of benefits, pension and occupational risks. These benefits can be
further sub-grouped into old age, invalidity, survivorship, work injury and
occupational diseases as shown in the tables and graphs below.
In 2008, the Fund spent Rwf 4.3 billion as
benefits received by 23,725 and 1,624
beneficiaries for pension and occupational risks respectively. Since the year
2003, benefits have been increasing at an average growth rate of 9.5%. As
highlighted in previous annual reports, the processing of benefits has always
been constrained by huge declaration records that have not been computerized.
One of the major initiatives made during the year, is the computerization of
all declarations missing in the database. Over 6.7 million
declarations were entered into the system. The different types of benefits
and amounts paid are shown in tables and graphs that follow.
Graph
4.2: Benefits trend 2003-2008
Source: SSFR, Annual report, 2003-2008
Graph 4.3: Trends of
benefits
Source: SSFR, Annual report, 2003-2008
|
|
