Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) will pay 50 Billion Shillings every week for the first five months to beneficiaries of the midterm access. This was revealed on Thursday by Betty Amongi, the Minister for Gender, Labor, and Social Development while announcing the guidelines, regulations, …
Read More »The amended NSSF Act gives more than just mid-term access
URBRA made a total of 16 recommendations, of which 13 were adopted by Parliament and incorporated into the new law COMMENT | MARTIN A. NSUBUGA | The enactment of the NSSF (Amendment) Act 2021, came as a New Year Gift, not only for members of NSSF, but for all who had …
Read More »Uganda offers highest pension benefits
Octagon Africa, a regional financial services provider offering pension and insurance service entered Uganda’s pension market in 2013, and now holds about US$100million in assets under its management. The firm’s CEO Fred Waswa spoke to The Independent’s Isaac Khisa on a wide range of issues in the pension industry. What …
Read More »Gender ministry, NSSF assure workers of accelerated midterm access to savings
Kampala, Uganda | THE INDEPENDENT | The National Social Social Security Fund-NSSF together with the Ministry of Gender have pledged to expedite a statutory instrument that will ease access to savings by Ugandan workers. The commitment follows the enactment of the NSSF (Amendment) Bill which was assented to by President Yoweri …
Read More »Museveni signs NSSF bill okaying 20% mid term access
Kampala, Uganda | THE INDEPENDENT & URN | President Yoweri Museveni has signed into law the the NSSF (Amendment) Bill, 2021, his Senior Press Secretary Lindah Nabusayi has said in a brief statement. A key provision in the NSSF (Amendment) Bill, 2021 will grant members aged 45 and above and who have …
Read More »NSSF will need Sh1 trillion for Mid-Term access
Kampala, Uganda | THE INDEPENDENT | Richard Byarugaba, the Managing Director of National Social Security Fund (NSSF) says the fund will have to set aside Sh1 trillion if the President assents to the NSSF (Amendment) Bill, 2021. Parliament passed the Bill last month. Among the key provisions in the …
Read More »NSSF innovation strengthens social support to Kenyans
Nairobi, Kenya | THE INDEPENDENT | The events of the past eighteen months have cast a spotlight on the ability of states to support vulnerable citizens during times of crisis. In Kenya, the official state agency responsible for social security chose SAP to support its growth, enable the expansion …
Read More »Parliament passes NSSF bill, okays mid-term access
Kampala, Uganda | THE INDEPENDENT | Parliament has today considered and passed the National Social Security Fund (Amendment) Bill, 2021. The bill that allows 20% mid term access for workers who have saved for over 10 years and have reached the age of 45, now awaits presidential consent. “Today, I …
Read More »Parliament gives Ministry of Gender lead role to supervise Social Security
Kampala, Uganda | THE INDEPENDENT | Parliament has reached a consensus on which ministry will supervise the operations and activities of the National Social Security Fund (NSSF). There has been a big contestation on whether the supervisory role of NSSF funds should be under the Ministry of Gender, Labour and Social Development …
Read More »NOTU spitting fire over delayed NSSF Bill
Kampala, Uganda | THE INDEPENDENT | The National Organization of Trade Unions (NOTU) has threatened to mobilize workers countrywide to protest the delayed processing of the National Social Security Fund (NSSF) amendment bill. Although the NSSF Bill recently appeared under the business to follow for debate on the order paper, …
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