reflected by house hold, appears to be important for the proposed study. The current study therefore propose a keen study on NSSF financial performance as reflected to social economic benefit in Dar Es Salaam Headquarters. The procedure of the NSSF for Budgets starts in February every year by issuing budget preparation guideline to every cost centre. The revenue and spending unit (Directorate/region/District) submit the application or proposal. Preliminary appraisal is done by the budget officer, all weakness observed in preliminary appraisal are communicated to cost centre for clarification, management budget committee, finance committee of the Board, full Board for approval, and thereafter master workers council is done and then Board decisions are submitted to the parent minister for final approval. This was evaluated based on financial management procedures by the current researcher across NSSF HQ. Financial management is about making decisions on how to raise/generate funds (financing decision) And how to allocate the raised fund efficiently so as to generate more funds and thus increase the value of the firm and ultimately to increase the wealth of the shareholder/owners (investment decision). There are three financial namely, financing decision, investment decision and dividend decision determining an appropriate assets mix strategy for achieving these objectives, adopting operating tactics that will effectively implement the broad strategic plan and finally measuring investment performance against the set targets. However, this study intended to deal with the budget decision in pension funds. Budgeting decision is very important because its consequences extends into the future and will have to be endured for a longer period than the normal (operational) decision (Njenza, 2005). In many countries Tanzania inclusive, pension funds are the largest class of institution
reflected by house hold, appears to be important for the proposed study. The current study therefore propose a keen study on NSSF financial performance as reflected to social economic benefit in Dar Es Salaam Headquarters. The procedure of the NSSF for Budgets starts in February every year by issuing budget preparation guideline to every cost centre. The revenue and spending unit (Directorate/region/District) submit the application or proposal. Preliminary appraisal is done by the budget officer, all weakness observed in preliminary appraisal are communicated to cost centre for clarification, management budget committee, finance committee of the Board, full Board for approval, and thereafter master workers council is done and then Board decisions are submitted to the parent minister for final approval. This was evaluated based on financial management procedures by the current researcher across NSSF HQ. Financial management is about making decisions on how to raise/generate funds (financing decision) And how to allocate the raised fund efficiently so as to generate more funds and thus increase the value of the firm and ultimately to increase the wealth of the shareholder/owners (investment decision). There are three financial namely, financing decision, investment decision and dividend decision determining an appropriate assets mix strategy for achieving these objectives, adopting operating tactics that will effectively implement the broad strategic plan and finally measuring investment performance against the set targets. However, this study intended to deal with the budget decision in pension funds. Budgeting decision is very important because its consequences extends into the future and will have to be endured for a longer period than the normal (operational) decision (Njenza, 2005). In many countries Tanzania inclusive, pension funds are the largest class of institution