Mobilizing and Performance of National Savings by Social Security Fund of Rwanda (SSFR) from 2002-2009

ABSTRACT The study was carried out with the intention of finding out the profIle of the respondents in terms of Age, Gender, Marital status, Occupation of respondents, Leve~ of education, Profession, And Time in business/institution, the level of mobilizing the performance of national savings in Rwanda, the extent of the SSFR in mobilizing the performance of national savings and determine whether there is a significant relationship between the extent of SSFR and the level of mobilizing national savings. This study investigated the relationship between SSFR and mobilizing the performance of national savings~ It was carried out with the specific objectives said above objectives. The study collected data from the SSFR’s staff members, pension beneficiaries and regular contributors of SSFR. The study used 142 as the sample size from the population of 220 SSFR’s staff and the sample of 222 out of 500 contribution and pension beneficiaries whereby the responses got where generalized for the whole population by the use a questionnaire and interview held responses were measured using scale. Analysis was by correlation coefficient. The results show a positive correlation. The findings of the study showed that there is a significant relationship between of SSFR and mobilizing the performance of national savings. The Null Hypothesis was rejected. The study results show that, SSFR mobilizes national savings in the sense that it forces its affiliates to pay their contributions every semester as their personal savings in anticipating consuming it in the misery periods. And these polled contributions are used in the production of different SSFR’s investment portfolios whereby the profits got are used in its re-investments and paying for the pension beneficiaries. It is from this forced savings of every Rwandan employee which is aggregated into an increase of Rwandan national savings. The study further recommended that for SSRF to expand its coverage it should include its informal sectors among its regular contributions because they are so many in Rwandan economy and they have got many workers who can contribute much money for national savings mobilization. In so doing, it is envisaged that SSFR will be able to yield high returns and it will be in better position to give its affiliates a high rate of interest on savings. Hence, SSFR’s beneficiaries will be able to receive better benefits on retirement age.

TABLE OF CONTENTS

Declaration A I

Declaration B II

Approval Sheet III

Dedication IV

Acknowlegement V

Abstract VI

Table Of Contents viii

List Of Tables XI

Chapter Page

ONE THE PROBLEM ANDITSSCOPE 1

General Introduction i

Background Of The Study 1

Statement Of The Problem 3

Objectives of the Study 3

Research Questions 4

Hypothesis 4

Scope Of The Study 4

Significance Of The Study S

Organization Of The Study s

Operational Definition Of Key Terms 6

VIH

TWO REVIEW OF RELATED LITERATURE 7

Theoretical Framework 9

Conceptual Framework 16

THREE METHODOLOGY 18

Research Design 18

Research Population 18

Sample Size 18

Sampling Procedure 19

Research Instruments 19

Data Gathering Procedures 21

Validity And Reliability Of The Instrument 22

Data Analysis 22

Procedure 23

Ethical Consideration 23

Limitations Of The Study 24

FOUR PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA 25

ix

FIVE FINDINGS, CONCLUSIONS AND RECOMMENDATIONS 34

Findings 34

Conclusion 35

Recommendations 35

Suggested Areas For Further Research 36

References 37

Appendices 39

Appendix I: Transmittal Letter From Spgsr 39

Appendix II: Questionnaire For The Ssfr’s Senior Managers 40

Appendix III: Questionnaire For Beneficiaries And Contributors Of Ssfr 43

Appendix IV: Interview Guide 46

Appendix VI: Organizationaistructure Of Ssfr 47

Appendix VII: Duties Of Ssfr In Rwanda 48

Appendix VIII: Researcher!s Curriculum Vitae 54