Zanzibar Social Security Fund was established under the Zanzibar Security Fund Act No. 2 of 1998 subsequently amended by the Zanzibar Social Security Fund Act No. 9 of 2002 and re-enacted by the Act No. 2 of 2005. Prior to the enactment of the Act and establishment of the Zanzibar Social Security Fund, there was no formal social security scheme in Zanzibar. Nor was there a significant private sector/occupational pension scheme sector in Zanzibar. Before the inception of Zanzibar Social Security Fund, public service employees in Zanzibar were covered and received pension benefits under the Pensions Act No. 2 of 1990

Zanzibar Social Security Fund (ZSSF) seeks to be a leader and model social security provider in the Region.

ZSSF is dedicated to be a dynamic provider of social security benefits through the utilization of competent and motivated staff.

To replace member’s income in the event of contingencies i.e old age, sickness, maternity, invalidity and death.

Core values
The core values state how Management and Staff are expected to relate to their clients, colleagues and ZSSF itself, and how they will accomplish their work in carrying out the Mission and achieving the Vision of the Fund. ZSSF believes that a Fund driven by strong values can deliver to the best and sustainable social security services. In this respect, ZSSF will undertake its operations of providing social security services to its members and the general public on the basis of the following core values symbolized by the acronym RETIREMENT:-
R    Responsibility and Accountability
E    Efficiency and Competency
T    Teamwork
I    Integrity and Innovativeness
R    Respect and Fairness
E    Equal Opportunity for All
M    Morality and Motivated Staff
E    Excellence
N    Noble Customer Services
T    Transparency