Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has disclosed that 15,664 employers are not in compliance with their obligation to contribute funds for their employees, as mandated by the law. The revelation was made by Patrick Ayota, the NSSF Managing Director during a press conference …
Read More »Savers want NSSF to invest in Western region
Kampala, Uganda | THE INDEPENDENT | Savers in the National Social Security Fund (NSSF) from the western region want the Fund to start making investments in their part of the country. During a regional employer meeting at Hotel Triangle in Mbarara City on Tuesday, savers said that the fund has …
Read More »Why Ayota has asked court to guard against ‘disgruntled’ Byarugaba
Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) Managing Director, Patrick Ayota on Thursday asked the court to exercise its discretion in the interest of justice to favor the stability of the fund. He told the High Court Civil Division that it should guard against what …
Read More »Uganda’s NSSF declares 10% interest rate for FY 2022/23
✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% 2022 ✅ 09.65% 2023 ✅ 10.00% URBRA warns of low coverage in the retirement benefits sector and calls for effective policy responses to …
Read More »Byarugaba goes to court to challenge Ayota’s appointment as NSSF MD
Kampala, Uganda | THE INDEPENDENT | Richard Byarugaba, the former managing director of the National Social Security Fund-NSSF has petitioned the High Court to annul the appointment of his successor, Patrick Ayota. In his application before the High Court Civil Division, Byarugaba argues that Ayota’s appointment as Managing Director …
Read More »Fake claims hindering timely payout of NSSF survivor’s benefits
Kampala, Uganda | THE INDEPENDENT | Families of some depositors conniving to prematurely access survivor’s benefits is a significant obstacle to the timely payment of the benefits, the National Social Security Fund (NSSF) has revealed. Survivor’s benefits are a crucial part of NSSF’s benefit payments, intended for the families of …
Read More »PATRICK AYOTA: NSSF on firm ground, growing
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) is on track to achieve all its 2015-2025 strategic objectives by 2025, and even earlier in some instances, their new Managing Director Patrick Ayota has stated. He has also promised that the Fund will yet again pay a competitive interest …
Read More »Minister Lokeris and NSSF target oil contractors for contributions
Kampala, Uganda | THE INDEPENDENT | Subcontractors in the oil and gas sectors have been urged to ensure monthly contributions to the National Social Security fund. It is emerging that some of the companies that got part of the lucrative deals in the oil and gas development at Tilenga and …
Read More »Patrick Ayota handed NSSF top job
Kampala, Uganda | THE INDEPENDENT | Patrick Ayota has been named the new National Social Security Fund (NSSF) managing director, to take over from Richard Byarugaba whose contract was not renewed. “We are pleased to inform NSSF members, stakeholders and the public that the Minister of Gender, Labour, and social …
Read More »NSSF, UNRA partner to promote social security compliance in the road sector
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund, with support from the Uganda National Roads Authority, has embarked on a sensitisation drive to ensure contractors in the road sector comply with the remittance of social security contributions for their workers. In a news release sent to …
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