The truth and the lies Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Richard Byarugaba sits on the biggest pile of money in Uganda. He is the managing director of NSSF, the country’s only government-run compulsory pension savings scheme for workers valued at over Shs9.9 trillion as at June …
Read More »NSSF BILL: Mandatory contribution by all in formal sector
Kampala, Uganda | THE INDEPENDENT | A bill that aims to expand social security coverage by making contributions to the National Social Security Fund (NSSF) mandatory for all workers in the formal sector has been presented to parliament for its first reading. Minister of State for Youth and Children Affairs Florence …
Read More »Money Talk Symposium
NSSF, experts tell members to save beyond the 5% they remit monthly Kampala, Uganda | JULIUS BUSINGE | Do you spend less and invest more of your income a head of your retirement? Will you have enough monetary resources upon retirement? Will there be any impact upon taking your …
Read More »NSSF to educate savers ahead of retirement
Majority of the Fund’s retirees are making wrong investment decisions Kampala, Uganda | JULIUS BUSINGE | It is now evident that savers need advice on how to invest their long time savings as they transition to retirement, according to Richard Byarugaba, the managing director of the National Social Security …
Read More »Gov’t asks for more time to table electoral reforms
Kampala, Uganda | THE INDEPENDENT | Attorney General William Byaruhanga has asked for some more days to table electoral reforms. According to Byaruhanga, government will table the proposed reforms within a period of ten days. He disclosed this while updating plenary on the progress on tabling the proposed electoral reforms. …
Read More »NSSF targets 6,000 units in nationwide blood donation drive
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) is targeting collection of over 6,000 units of blood in a week long countrywide blood donation drive. The NSSF’s 9th annual blood donation drive was launched today at Mulago Hospital. Speaking at the launch, the NSSF Managing Director, …
Read More »Who wins in the proposed NSSF reforms?
Critics say shelving the proposed pension liberalization bill exposes the Shs 9 trillion fund to political and corporate governance risks Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund finally won the battle to retain its status as a mandatory scheme for all employees in informal and formal …
Read More »How African governments can grow their pension sectors
Social security funds to tackle key areas in education, IT to accelerate pension growth Kampala, Uganda | JULIUS BUSINGE | How can African governments ensure that the working population has some sort of social security at old age? That was the main issue discussed during the two-day East and Central Africa …
Read More »NSSF’s Byarugaba sets new target
But will he achieve the Shs 20 trillion in savings by 2022? Kampala, Uganda | JULIUS BUSINGE | Richard Byarugaba was recently re-appointed as the managing director of the National Social Security Fund for another five-year term. His performance in the first term seems to have impressed his supervisor – the …
Read More »NSSF sees higher returns for savers in FY 2017/18
Savers suggests Fund’s flexibility to allow them access part the saving to meet their needs Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) members are expected to earner higher returns on their savings for the 2017/18 financial year, according to its Managing Director, Richard Byarugaba. Byarugaba …
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